Bill introduced in state Senate to end MTA payroll taxPosted: Updated:
A new bill introduced in the state Senate would bring tax relief to many Hudson Valley businesses by phasing out the dreaded MTA payroll tax.
Under the proposed legislation, businesses outside New York City that employ under 25 people would see the tax phased out as of the beginning of 2012.
Businesses with more than 25 employees would see the tax removed by 2014.
Many business owners say that the tax is an undue burden to many who do not use the few MTA services locally available to them.
The MTA, however, claims the tax is vital in providing $1.4 billion in revenue to support the services it provides.
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