West Hempstead, N.Y. – State Senator Lee M. Zeldin joined his legislative colleagues and Governor Andrew M. Cuomo this past Monday, December 12, 2011, as the Governor signed into law a new measure to eliminate the MTA Payroll Tax for approximately 80 percent of all employers currently paying the tax. Thousands more will see a reduction.
In addition to the 290,000 employers who will have their tax eliminated, 414,000 self-employed taxpayers will also see the MTA Tax repealed. All elementary and secondary schools, both public and private, will now also be completely exempt from the payroll tax. Senator Zeldin sponsored a bill, S.5596-A/A.8193-A, to repeal the MTA Payroll Tax during the 2011 Regular Session. This bill originally passed the State Senate on June 15, 2011 with a bi-partisan vote, 40-22.
Senator Zeldin (above left) is pictured here with Governor Cuomo (above center) holding the official bill that was signed into law on Monday.