| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Feb 10, 2014 |
print number 3624a |
| Feb 10, 2014 |
amend and recommit to investigations and government operations |
| Jan 08, 2014 |
referred to investigations and government operations |
| Feb 07, 2013 |
referred to investigations and government operations |
Senate Bill S3624A
2013-2014 Legislative Session
Sponsored By
(R, C) 24th Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
Actions
Bill Amendments
co-Sponsors
(D, WF) Senate District
2013-S3624 - Details
- See Assembly Version of this Bill:
- A4888
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §801, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S6330, A9314
2015-2016: S4616
2013-S3624 - Sponsor Memo
BILL NUMBER:S3624
TITLE OF BILL: An act to amend the tax law, in relation to exempting
self-employment earnings of one million two hundred fifty thousand
dollars or less from the metropolitan commuter transportation mobility
tax
PURPOSE: Exempts the first $1,250,000 of earnings from self-employment
during any tax year, from the Metropolitan Commuter Transportation
Mobility Tax in any calendar quarter.
SUMMARY OF SPECIFIC PROVISIONS:
Section one amends subsection (a) of section 601 of the tax law, as
amended by section 1 of part N of chapter 59 of the laws of 2012.
Section two is the effective date.
JUSTIFICATION: This measure would create parity for the self-employed,
who still have to pay the Metropolitan Commuter Transportation Mobility
Tax (MCTMT). Enactment of Chapter 56 of the Laws of 2011 eliminated
this tax for employers with payroll expenses less than $312,500. This
tax poses both a financial and administrative burden on New York's self-
employed, Currently, the self-employed pay a rate of .34% for earnings
exceeding $50,000.
2013-S3624 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
3624
2013-2014 Regular Sessions
I N S E N A T E
February 7, 2013
___________
Introduced by Sen. LANZA -- 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 exempting self-employment
earnings of one million two hundred fifty thousand dollars or less
from the metropolitan commuter transportation mobility tax
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 April 1, 2014.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05529-01-3
co-Sponsors
(D, WF) Senate District
2013-S3624A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A4888
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §801, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S6330, A9314
2015-2016: S4616
2013-S3624A (ACTIVE) - Sponsor Memo
BILL NUMBER:S3624A
TITLE OF BILL: An act to amend the tax law, in relation to exempting
self-employment earnings of one million two hundred fifty thousand
dollars or less from the metropolitan commuter transportation mobility
tax
PURPOSE:
Exempts the first $1,250,000 of earnings from self-employment during
any tax year, from the Metropolitan Commuter Transportation Mobility
Tax in any calendar quarter.
SUMMARY OF SPECIFIC PROVISIONS:
Section one amends 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.
Section two is the effective date.
JUSTIFICATION:
This measure would create parity, for the self-employed, who still
have to pay the Metropolitan Commuter Transportation Mobility Tax
(MCTMT). Enactment of Chapter 56 of the Laws of 2011 eliminated this
tax for employers with payroll expenses less than $312,500. This tax
2013-S3624A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
3624--A
2013-2014 Regular Sessions
I N S E N A T E
February 7, 2013
___________
Introduced by Sens. LANZA, SQUADRON -- read twice and ordered printed,
and when printed to be committed to the Committee on Investigations
and Government Operations -- recommitted to the Committee on Investi-
gations and Government Operations in accordance with Senate Rule 6,
sec. 8 -- committee discharged, bill amended, ordered reprinted as
amended and recommitted to said committee
AN ACT to amend the tax law, in relation to exempting self-employment
earnings of one million two hundred fifty thousand dollars or less
from the metropolitan commuter transportation mobility tax
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 April 1, 2015.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05529-02-4
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