Job Killing MTA Payroll Tax Repealed by Senate
Senator Ball’s Call for a Forensic Audit Also Passes
ALBANY, NY (6/15/2011) – The State Senate acted today to forensically audit the MTA (S4637-A7856) and also passed a proposal that will save payroll taxpayers in New York’s Metropolitan Commuter Transportation District (MTCD) $841 million a year, including an immediate savings of $111.8 million for small businesses and $73 million for schools. The MTA Payroll Tax Repeal (S5596-A8193), announced by Senator Greg Ball (R, C-Patterson) at a press conference last week, will eliminate the MTA Payroll Tax for schools and small businesses on January 1, 2012. This piece of landmark legislation will also phase out entirely the MTA Payroll Tax for municipalities and larger businesses over the next two and a half years throughout Dutchess, Putnam, Westchester, Orange, Rockland, Nassau and Suffolk Counties.