senate Bill S7165A

2011-2012 Legislative Session

Limits imposition of metropolitan commuter transportation tax on self-employment earnings to annual earnings over $250,000

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Archive: Last Bill Status - Passed Senate


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2012 referred to ways and means
delivered to assembly
passed senate
ordered to third reading cal.1415
committee discharged and committed to rules
May 14, 2012 print number 7165a
amend (t) and recommit to investigations and government operations
May 01, 2012 referred to investigations and government operations

Votes

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Bill Amendments

Original
A (Active)
Original
A (Active)

S7165 - Bill Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §801, Tax L

S7165 - Bill Texts

view summary

Limits imposition of the metropolitan commuter transportation tax on self-employment earnings to annual earnings over $250,000, and establishes tax rates for the taxation of such earnings.

view sponsor memo
BILL NUMBER:S7165

TITLE OF BILL:
An act
to amend the tax law, in relation to limiting the
imposition of the
metropolitan commuter transportation mobility tax on earnings from
self-employment

PURPOSE:
This legislation would limit the imposition of the metropolitan
commuter transportation tax on self-employment earnings to annual
earnings over $1,250,000.

SUMMARY OF PROVISIONS:
Section One - amends paragraph 2 of subsection (a) of section 801 of
the tax law, as amended by section 1 of part N of chapter 59 of the
laws of 2012, to state for individuals, the tax imposed at a rate of
thirty-four hundredths (.34) percent of the net earnings from
self-employment of individuals that are attributed to the MCTD if
such earnings attributable to the MCTD exceed one million two hundred
fifty thousand dollars for the tax year.

Section - Two states this act shall take effect on the first of July
next succeeding the date on which it shall have become law.

JUSTIFICATION:
This legislation will repeal the metropolitan commuter transportation
tax for self-employed individuals who make less than $1,250,000 a
year.

LEGISLATIVE HISTORY:
New bill.

FISCAL IMPLICATIONS:
To be determined.

EFFECTIVE DATE:
This act shall take effect on the first of July next succeeding the
date on which it shall have become law.

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                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7165

                            I N  S E N A T E

                               May 1, 2012
                               ___________

Introduced  by  Sen.  BALL  --  read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN ACT to amend the tax law, in relation to limiting the  imposition  of
  the metropolitan commuter transportation mobility tax on earnings from
  self-employment

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph 2 of subsection (a) of section  801  of  the  tax
law,  as  amended  by  section  1 of part N of chapter 59 of the laws of
2012, is amended to read as follows:
  (2) For individuals, the tax is  imposed  at  a  rate  of  thirty-four
hundredths  (.34)  percent  of  the net earnings from self-employment of
individuals that are attributable to the MCTD if such earnings attribut-
able to the MCTD exceed ONE MILLION TWO HUNDRED fifty  thousand  dollars
for the tax year.
  S  2.  This act shall take effect on the first of July next succeeding
the date on which it shall have become a law.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15628-01-2

Co-Sponsors

S7165A (ACTIVE) - Bill Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §801, Tax L

S7165A (ACTIVE) - Bill Texts

view summary

Limits imposition of the metropolitan commuter transportation tax on self-employment earnings to annual earnings over $250,000, and establishes tax rates for the taxation of such earnings.

view sponsor memo
BILL NUMBER:S7165A

TITLE OF BILL:
An act to amend the tax law, in relation to the metropolitan commuter
transportation mobility tax rates on earnings from self-employment

PURPOSE:
This legislation would repeal the imposition of the metropolitan
commuter transportation tax on earnings from self-employment.

SUMMARY OF PROVISIONS:
Section One - amends paragraph 2 of subsection (a) of section 801 of
the tax law, as amended by section 1 of part N of chapter 59 of the
laws of 2012 to state that for individuals with net earnings that are
attributable to the MCTD from self-employment of individuals if such
earnings attributable to the MCTD exceed two hundred and fifty
thousand dollars for the tax year, the tax is imposed at a rate of (A)
eleven hundredths (.11) percent of the net earnings from
self-employment if such earnings attributable to the MCTD are greater
than two hundred and fifty thousand dollars but do not exceed three
hundred thousand dollars in any tax year, (B) twenty-three hundredths
(.23) percent of the net earnings from self-employment if such
earnings attributable to the MCTD are greater than three hundred
thousand dollars but do not exceed three hundred and fifty thousand
dollars in any tax year, and (C) thirty-four hundredths (.34) percent
of the net earnings from self-employment if such earnings attributable
to the MCTD are greater than three hundred and fifty thousand dollars
in any tax year.

Section - Two states this act shall take effect on the first of July
next succeeding the date on which it shall have become law.

JUSTIFICATION:
In 2011, the metropolitan commuter transportation tax was repealed for
approximately 289,000 businesses with annual payrolls below $1.25
million. More than 6,000 businesses with payrolls between $1.25 and
$1.75 had their payroll tax cut by as much as two-thirds.

Under the current law, self-employed individuals who earn over $50,000
a year are still paying the metropolitan commuter transportation tax.
This legislation will repeal the metropolitan commuter transportation
tax for self-employed individuals who earn less than $250,000
annually.

This legislation will also reduce the amount that self-employed
individuals who earn from $250,000 to $300,000 to .11 percent, and
self employed individuals who earn from $300,000 to $350,000 to .23
percent.

LEGISLATIVE HISTORY:
New bill.

FISCAL IMPLICATIONS:
To be determined.

EFFECTIVE DATE:


This act shall take effect on the first of July next succeeding the
date on which it shall have become law.

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                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 7165--A

                            I N  S E N A T E

                               May 1, 2012
                               ___________

Introduced  by  Sen.  BALL  --  read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment  Operations  --  committee  discharged,  bill  amended,   ordered
  reprinted as amended and recommitted to said committee

AN  ACT  to  amend the tax law, in relation to the metropolitan commuter
  transportation mobility tax rates on earnings from self-employment

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Paragraph  2  of subsection (a) of section 801 of the tax
law, as amended by section 1 of part N of chapter  59  of  the  laws  of
2012, is amended to read as follows:
  (2)  For  individuals[,  the  tax  is imposed at a rate of thirty-four
hundredths (.34) percent of the] WITH net earnings THAT ARE ATTRIBUTABLE
TO THE MCTD from self-employment of individuals [that  are  attributable
to  the  MCTD]  if  such  earnings  attributable  to the MCTD exceed TWO
HUNDRED fifty thousand dollars for the tax year, THE TAX IS IMPOSED AT A
RATE OF (A) ELEVEN HUNDREDTHS (.11) PERCENT OF  THE  NET  EARNINGS  FROM
SELF-EMPLOYMENT  IF  SUCH  EARNINGS ATTRIBUTABLE TO THE MCTD ARE GREATER
THAN TWO HUNDRED FIFTY THOUSAND DOLLARS BUT DO NOT EXCEED THREE  HUNDRED
THOUSAND  DOLLARS  IN  ANY  TAX  YEAR, (B) TWENTY-THREE HUNDREDTHS (.23)
PERCENT OF THE  NET  EARNINGS  FROM  SELF-EMPLOYMENT  IF  SUCH  EARNINGS
ATTRIBUTABLE TO THE MCTD ARE GREATER THAN THREE HUNDRED THOUSAND DOLLARS
BUT  DO NOT EXCEED THREE HUNDRED FIFTY THOUSAND DOLLARS IN ANY TAX YEAR,
AND (C) THIRTY-FOUR HUNDREDTHS (.34) PERCENT OF THE  NET  EARNINGS  FROM
SELF-EMPLOYMENT  IF  SUCH  EARNINGS ATTRIBUTABLE TO THE MCTD ARE GREATER
THAN THREE HUNDRED FIFTY THOUSAND DOLLARS IN ANY TAX YEAR.
  S 2. This act shall take effect on the first of July  next  succeeding
the date on which it shall have become a law.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15628-02-2

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