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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.
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 ...
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.
Legislation introduced by Long Island State Senators Jack Martins and Lee Zeldin which will eliminate the MTA payroll tax has passed the New York State Senate
State Group Joins Rockland's Fight Against MTA Payroll Tax - New City, NY - Rockland wants tax scrapped, better service from MTA and $220M in damages.
NYS Senators Greg Ball and Lee Zeldin presented their plan to phase-out the MTA payroll tax during a press conference in Yorktown on Wednesday. Plamena Pesheva , Patch Staff Posted Thu, Jun 9...
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. The New York state legislature and Governor Andrew Cuomo subsequently enacted significant repeals . [16]
The Martins-Zeldin plan calls for the MTA Payroll Tax to be phased out each year until 2014, when it will be completely eliminated.
Tuesday’s ruling of the New York Court of Appeals means businesses within the Metropolitan Transportation Authority region, which includes Rockland County, must still pay the tax.