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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 in calculating federal income tax. The qualified transportation benefits are transit passes, vanpooling, bicycling, and parking ...
Number of vehicles. 2,429 commuter rail cars. 6,418 subway cars. 61 SIR cars. 5,725 buses [1] The Metropolitan Transportation Authority ( MTA) is a public benefit corporation responsible for public transportation in the New York City metropolitan area of the U.S. state of New York.
• Small businesses with 25 employees or less as well as public and non-public schools would be completely exempt from the MTA payroll tax as of January 1, 2012.
Town Urges Residents to File Protective Claims For MTA Payroll Tax Refunds. The Town of Huntington recently filed a claim to recover MTA payroll tax payments and is urging residents to do the same
Ball Announces Plan to Phase-Out MTA Payroll Tax - Yorktown-Somers, NY - NYS Senators Greg Ball and Lee Zeldin presented their plan to phase-out the MTA payroll tax during a press conference in ...
The New York City Transit Authority (also known as NYCTA, the TA, [2] or simply Transit, [3] 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. Part of the Metropolitan Transportation Authority, the busiest and largest transit system in ...
New York State Senator David Carlucci (D-New City) visited Adam Lipson at the office of his Pearl River business to discuss the benefit of the reduction in the MTA Payroll Tax.
The state’s highest court refused to hear an appeal of the MTA Payroll Tax. Tuesday’s ruling of the New York Court of Appeals means businesses within the Metropolitan Transportation Authority ...
Passes and non-cash loads (such as employee transit benefits) are stored on the card in a separate "purse" from cash loads. Purse benefits can only be used on the issuing system for that benefit, so a day pass issued by MTA on either a CharmCard or SmarTrip will only be valid on MTA, and a WMATA-issued monthly pass will not be valid on MTA even ...
State Senate OKs Plan To Scrap MTA Payroll Tax - New City, NY - Legislation would phase out tax that has been called a "job killer" for Rockland and Westchester.