Bill > A01187

This bill amends the New York State tax law to exempt individuals who are 65 years of age or older from paying the Metropolitan Commuter Transportation Mobility Tax (MCTMT), but only for earnings from self-employment within the Metropolitan Commuter Transportation District (MCTD). The MCTMT is a payroll tax imposed on employers, self-employed individuals, and certain other entities in the metropolitan New York City region to help fund public transportation. Under the proposed change, self-employed individuals who have reached the age of 65 would no longer be required to pay this tax on their self-employment earnings. The bill is set to take effect immediately and will apply to tax years beginning on or after January 1, 2026, which means eligible seniors will start receiving this tax exemption from the 2026 tax year onward.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A1187