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.
The New York State Senate today passed legislation (S6079A), sponsored by Senator Jack Martins (R-C-I, Mineola), that would exempt libraries from the paying the MTA payroll tax. Repealing the tax would save libraries in the downstate MTA region $1.3 million annually.
"Our libraries do a tremendous job with limited resources," said Senator Bill Larkin (R-C, Cornwall-on-Hudson). "This legislation will free them from the burden of paying this onerous tax which will allow the funding to go towards critical library programs and expanded services. I urge the Assembly to bring this bill up for a vote as soon as possible," 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.”