Removing Payroll Tax Burden Will Help Businesses Create Jobs
The New York State Senate today passed legislation (S.5596A/ A.8193A) to repeal the MTA Payroll Tax, easing an enormous financial burden that has caused job losses and hurt businesses across the downstate region. The bill, which has strong support from business organizations including the Business Council of New York State and the National Federation of Independent Businesses, is sponsored by Senator Lee M. Zeldin (R, C, I- Shirley), Senator Bill Larkin (R,C - Cornwall-on-Hudson) and other Senators representing the 12-county MTA region.
Senator Bill Larkin (R-C, Cornwall-on-Hudson) today cosponsored legislation to repeal the onerous Metropolitan Commuter Transportation Mobility Tax – otherwise known as the payroll tax - on libraries in the MTA region.
“I am very happy to join my colleagues in sponsoring such an important piece of legislation,” said Senator Larkin. “Our libraries have never been able to afford this burdensome tax and it is my hope that the Legislature and the Governor will work together to ensure this legislation is signed into law as soon as feasibly possible. We must do all we can to ensure the survival and growth of our local libraries and easing the tax burden for them is a giant first step towards achieving this goal,” said Larkin.
Senator Bill Larkin (R-C-I, Cornwall-on-Hudson) today is encouraging employers subject to the MTA payroll tax to file a protective claim for refund with the New York State Department of Tax and Finance before November 2, 2012.
“The MTA is currently appealing a judge’s ruling which found the MTA payroll tax unconstitutional,” said Senator Larkin. “Should this ruling stand, employers may be eligible for a MTA payroll tax refund, and filing a protective claim is the way to get it.”