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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.
Under the proposal, the MTA could collect new property taxes in those districts to fund projects worth $100 million or more in what's known as a "value capture" program.
While the city of New York is barred from charging its own commuter tax, the state of New York does impose an income tax on non-residents that work in the state. In 2009, New York enacted the Metropolitan Commuter Transportation Mobility Tax, a 0.34% levy on payrolls and self-employment earnings in New York City and Nassau, Suffolk, Westchester ...
In New York City, a planned congestion pricing scheme will charge vehicles traveling into or within the central business district of Manhattan. This disincentivizing fee, intended to cut down on traffic congestion and pollution, was first proposed in 2007 and included in the 2019 New York state government budget by the New York State ...
The potential tax would go toward raising the $1 billion the MTA needs to avoid a planned fare hike for subways and buses to $3, the report states. Hochul's preferred solution to avoid the hike...
The MTA tax rate is .0034 or .34%, meaning that small businesses pay $3.40 for every $1,000 of payroll. So, if your annual payroll is $100,000, you only end up paying an extra $340 worth of...
The New York State Thruway system is a collection of six individual components across the state of New York that connect the state to four neighboring states ( Connecticut, Massachusetts, New Jersey, and Pennsylvania) as well as the Canadian province of Ontario.
MTA tax ruled "unconstitutional," Nassau and Suffolk politicians ask state attorney general to deny MTA's appeal. Geoffrey Walter , Patch Staff Posted Thu, Aug 23, 2012 at 7:22 pm ET | Updated Thu ...
The city's transit authority is seizing some of the poorest New Yorker's tax returns to pay tickets from 20 years ago, a lawsuit claims. Anna Quinn , Patch Staff
The New York City Transit Authority (also known as NYCTA, the TA, or simply Transit, and branded as MTA New York City Transit) is a public-benefit corporation in the U.S. state of New York that operates public transportation in New York City.