Assemblywoman Margaret Markey
Cutting the MTA payroll tax provides relief to over 700,000 small businesses
and self-employed New Yorkers.
The new law will:
- ELIMINATE the tax for small businesses with annual payrolls of less than $1.25 million
- ELIMINATE the tax for the self-employed who earn less than $50,000 per year
- REDUCE the tax for companies with payrolls less than $1.75 million
- EXEMPT all public and private elementary and secondary schools from paying the tax
“Slashing the MTA payroll tax is good for taxpayers and good for small businesses – which
create 8 out of every 10 jobs.”
—Assemblywoman Margaret Markey
55-19 69th Street • Maspeth, NY 11378 • 718-651-3185
markeym@assembly.state.ny.us
markeym@assembly.state.ny.us