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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.
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 ...
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.
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...
New York City dwellers also will pay more — from 0.34 to 0.5 percent — in a payroll mobility tax, he noted.
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.
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. [15] The New York state legislature and Governor Andrew Cuomo subsequently enacted significant repeals. [16] Malliotakis fought for relief from the September 2011 toll increase on Port Authority bridges, [17] calling for ...