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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.
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 cash-strapped MTA will get $1.1 billion in the budget deal — a bailout that likely will forestall fare hikes. The deal proposes to do this by raising the state's payroll mobility tax for New ...
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...
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. 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.
Posted Fri, Mar 24, 2023 at 9:47 am ET. An MTA swipe could stay $2.75 if lawmakers pass a tax on streaming services such as Netflix, according to a new report. (Shutterstock) NEW YORK CITY —...