senate Bill S4616

2015-2016 Legislative Session

Exempts the first $1,250,000 of earnings from self-employment during any tax year, from the metropolitan commuter transportation mobility tax

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee


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

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Actions

view actions (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 19, 2016 print number 4616a
Jan 19, 2016 amend and recommit to investigations and government operations
Jan 06, 2016 referred to investigations and government operations
May 19, 2015 reported and committed to finance
Apr 01, 2015 referred to investigations and government operations

Votes

view votes

May 19, 2015 - Investigations and Government Operations committee Vote

S4616
8
1
committee
8
Aye
1
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: May 19, 2015

nay (1)

Co-Sponsors

S4616 - Details

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
2013-2014: S3624

S4616 - Summary

Exempts the first $1,250,000 of earnings from self-employment during any tax year, from the metropolitan commuter transportation mobility tax.

S4616 - Sponsor Memo

S4616 - Bill Text download pdf

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

                                  4616

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              April 1, 2015
                               ___________

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, 2016.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01288-01-5

Co-Sponsors

S4616A (ACTIVE) - Details

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
2013-2014: S3624

S4616A (ACTIVE) - Summary

Exempts the first $1,250,000 of earnings from self-employment during any tax year, from the metropolitan commuter transportation mobility tax.

S4616A (ACTIVE) - Sponsor Memo

S4616A (ACTIVE) - Bill Text download pdf

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

                                 4616--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              April 1, 2015
                               ___________

Introduced  by Sens. LANZA, CARLUCCI, SERINO, SQUADRON -- read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Investigations and Government Operations -- recommitted to the Commit-
  tee  on  Investigations  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, 2017.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01288-02-6

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