Friday, 24 June 2011 00:00
Assemblyman Jim Conte has urged his assembly colleagues to pass legislation repealing the Metropolitan Transportation Authority (MTA) payroll tax before the conclusion of the current legislative session. The companion bill passed the Senate, leaving it up to the assembly to eliminate this job-killing tax.
The bill, sponsored by Conte, would begin to phase out the tax beginning in 2012 by first exempting small businesses of 25 employees or fewer as well as public and non-public schools. The tax would be completely eliminated by January 1, 2014, for the seven suburban counties outside of New York City within the MTA’s service region.
“Repealing the MTA payroll tax would boost our local economy here on Long Island and would provide struggling small businesses with the relief they need to grow jobs in this difficult economy,” said Conte. “With over 800,000 New Yorkers currently unemployed, we cannot allow this job-killing tax to remain on the books.
“The payroll tax is a burden that Long Island businesses and taxpayers should not be forced to endure,” said Conte. “We must repeal this tax, and begin the process of systemically reforming the MTA to ensure that once this tax is repealed, it won’t come back.”