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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.
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.
"That’s why we fought so hard to successfully exempt our counties from this year’s increase in the MTA payroll tax; that’s why we successfully pushed for the largest west-of-Hudson MTA ...
Legislator: Rockland Should Join Legal Fight to Overturn MTA Tax Businesses hit with payroll tax to support MTA; Rockland gets less in transportation service than it pays for. William...
An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132 (a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income ...
Local municipalities pay both an MTA Platform Tax and an MTA Payroll Tax to the State of New York via our Town and County taxes. Our Town of Eastchester pays a staggering $1.3 million...
Posted Fri, Mar 24, 2023 at 9:47 am ET. An MTA swipe could stay $2.75 if lawmakers pass a tax on streaming services such as Netflix, according to a new report. (Shutterstock) NEW YORK CITY — New ...
MTA Chief's Exit Yields New Calls for Audit, Repeal of Payroll Tax - Pleasantville-Briarcliff Manor, NY - The announcement that MTA Chairman Jay Walder will step down in October has spurred some ...
In July 2010, Mangano announced that Nassau County had filed a lawsuit against the State of New York and the Metropolitan Transportation Authority (MTA) challenging the legality of the 0.34% Metropolitan Commuter Transportation Mobility Tax, a payroll tax levied on employers in the 12-county area served by the MTA.
New York State enacted a payroll tax to help fund the agency. The tax charges all employers within the area serviced by the MTA 34 cents for every $100 of payroll. Nassau recently filed a...