Assemblyman William Colton
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.”
— Assemblyman William Colton
155 Kings Highway • Brooklyn, NY 11223-1026 • 718-236-1598
coltonw@assembly.state.ny.us
coltonw@assembly.state.ny.us