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The cash-strapped MTA will get $1.1 billion in the budget deal — a bailout that likely will forestall fare hikes. The deal proposes to do this by raising the state's payroll mobility tax for New ...
Chief among them is raising the state’s payroll mobility tax from 0.34 percent to 0.5 percent, Hochul said. Doing so will yield $1 billion for the MTA, she said.
This tax, known popularly as the "mobility tax", or the "MTA tax", is intended to provide funds for the Metropolitan Transportation Authority, which transports many of the region's commuters. [8] Philadelphia has a 3.924% wage tax on residents and a 3.495% tax on non-residents for wages earned in the city as of August 2013. [9]
On February 1, 2023, as part of her Executive Budget proposal to the New York State Legislature, Governor Kathy Hochul proposed raising the MTA payroll tax, a move projected to increase revenue by $800 million, and also giving the MTA some of the money from casinos expected at present to be licensed soon for business in Manhattan. [155]
The Metropolitan Transportation Authority says it is going to fight a Wednesday state court decision that ruled the enacted to bolster the agency's budget is unconstitutional.
“Remember, payroll mobility taxes are actually taxes on the workers. It's not a corporate tax, it's a tax on the workers,” said Kruger, adding “I believe the governor did misjudge this.”
Malliotakis held a series of forums on the MTA Payroll Mobility Tax and its alleged negative impact on small businesses, nonprofit organizations, and private schools. [15] The New York state legislature and Governor Andrew Cuomo subsequently enacted significant repeals. [16]
Rockland Backs Plan In State Senate To Kill MTA Payroll Tax - New City, NY - Rockland estimates the new tax costs county governments and business an extra $18M, without any transit services.
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