Home Laws & Taxes Governor’s cuts to MTA payroll tax do not go far enough

Governor’s cuts to MTA payroll tax do not go far enough

Albany, NY – February 10, 2010 – (RealEstateRama) — Gov. David A. Paterson’s proposed cuts to the Metropolitan Commuter Transportation Mobility Tax in his 21-day budget amendments are inadequate and New York’s 54,000 REALTORS strongly oppose shifting the cost to workers and businesses from one part of the MTA region to another. Nothing short of a complete repeal of the tax makes any sense in these difficult economic times.

It is little more than a shell game to reduce the tax for a portion of the MTA service area and then nearly double it for all businesses, including independent contractors like REALTORS, operating in New York City. Governor Paterson is missing a key opportunity to demand meaningful reforms that result in long-term MTA cost containment. Instead, he continues to rely upon the taxpayer to bail out the MTA, which is widely regarded as a thriftless.

New York’s REALTORS continue to strongly oppose this tax and others that only serve to hamper the Empire State’s economic recovery and encourage poor business practices from public authorities.


Editor’s Note: The New York State Association of REALTORS is a not-for-profit trade organization representing more than 54,000 of New York state’s real estate professionals. The term REALTOR is a registered trademark, which identifies real estate professionals who subscribe to a strict code of ethics as members of the National Association of REALTORS. These REALTORS are also members of the New York State Association of REALTORS as well as their local board or association of REALTORS.
Salvatore I. Prividera Jr.
Director of Communications and Marketing
New York State Association of REALTORS, Inc.
130 Washington Avenue
Albany, NY  12210
518-463-0300×308  office
518-462-5474  fax
sprividera (at) nysar (dot) com