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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.
The deal proposes to do this by raising the state's payroll mobility tax for New York City's largest businesses, Hochul said.
It collects revenue from passenger fees and from a Metropolitan Commuter Transportation Mobility Tax, a payroll tax levied on employers in the 12-county area served by the MTA.
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.
New York City dwellers also will pay more — from 0.34 to 0.5 percent — in a payroll mobility tax, he noted.
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]