S T A T E O F N E W Y O R K
________________________________________________________________________
10039
I N A S S E M B L Y
May 2, 2024
___________
Introduced by M. of A. BEEPHAN -- read once and referred to the Commit-
tee on Ways and Means
AN ACT to amend the tax law, in relation to exempting individuals
sixty-five years of age and older from payment of 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
is amended by adding a new subparagraph (C) to read as follows:
(C) THE PROVISIONS OF THIS SECTION SHALL NOT APPLY TO ANY INDIVIDUAL
WITH EARNINGS FROM SELF-EMPLOYMENT THAT ARE ATTRIBUTABLE TO THE MCTD IF
SUCH INDIVIDUAL IS SIXTY-FIVE YEARS OF AGE OR OLDER.
§ 2. This act shall take effect immediately and shall apply to tax
years commencing on and after January 1, 2025.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15323-01-4