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A potential payroll tax increase is part of a potential longterm fix that Hochul proposed for the MTA’s perilous financial position. ... Chief among them is raising the state’s payroll ...
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.
"That’s why we fought so hard to successfully exempt our counties from this year’s increase in the MTA payroll tax; that’s why we successfully pushed for the largest west-of-Hudson MTA ...
New York State enacted a payroll tax to help fund the agency. The tax charges all employers within the area serviced by the MTA 34 cents for every $100 of payroll. Nassau recently filed a lawsuit ...
Tax-free commuter benefits, also known as qualified transportation fringes, are employer provided voluntary benefit programs that allow employees to reduce their monthly commuting expenses for transit, vanpooling, bicycling, and work-related parking costs. The benefit is a federal tax benefit authorized under the Internal Revenue Code Section ...
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.
The potential tax would go toward raising the $1 billion the MTA needs to avoid a planned fare hike for subways and buses to $3, the report states. Hochul's preferred solution to avoid the hike ...
The audit could affect a proposal to repeal a payroll tax that benefits the MTA. Dan Wiessner , Neighbor Posted Mon, Aug 15, 2011 at 4:14 pm ET | Updated Tue, Aug 16, 2011 at 2:33 pm ET