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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 ...
This tax is expected to fund $120 billion in highway and transit projects over 40 years. [40] The tax is also expected to support over 778,000 jobs in the Los Angeles area and $79.3 billion in economic output. [41] Projects to be funded by Measure M, not previously mentioned above, include: [40] [42] A streetcar in Downtown Los Angeles
MTA employees also suffered due to the budget issues. By mid-July 2010, MTA layoffs had reached over 1,000, and many of those affected were low-level employees who made less than $55,000 annually. [143] As of 2015, the MTA was running a $15 billion deficit in its $32 billion 2015–2019 Capital Plan. [144]
New York City Transit — the MTA branch responsible for the city subways and buses — spent $119 million more on overtime last year as its workers' average pay increased to $84,265 from $79,916 ...
Transit officials have launched an "Essential Connector" program that will pay for one free trip in a for-hire-vehicle per night if an essential worker's commute would take more than an hour and ...
MTA Payroll Tax Cut Praised; Full Repeal Still Sought - Southampton, NY - Local leaders and business people have railed against tax since it was adopted in 2009.
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 ...
According to a new report from the MTA, nearly half of bus riders in New York City are skipping out on paying their fares. According to officials, 48% of bus riders did not pay during the first ...