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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.
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.
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.
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 ...
Partial Rollback Of The MTA Payroll Tax A Beginning - New City, NY - County legislators say Rocklanders have paid $18 million yearly
Legislator: Rockland Should Join Legal Fight to Overturn MTA Tax - New City, NY - Businesses hit with payroll tax to support MTA; Rockland gets less in transportation service than it pays...
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]
Rockland Backs Plan In State Senate To Kill MTA Payroll Tax - New City, NY - Rockland estimates the new tax costs county governments and business an extra $18M, without any transit services.