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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 ...
Chicago, Illinois, U.S. Education. Carroll University (BS), Howard University School of Law (JD) Dorval Ronald Carter Jr. is an American businessman and executive who has served as the President Board of the Chicago Transit Authority (CTA) since 2015. [1] He has previously worked in transportation-related organizations including the Federal ...
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. [155]
The Metropolitan Transportation Authority says it is going to fight a Wednesday state court decision that ruled the enacted to bolster the agency's budget is unconstitutional.
North Fork Business Owners Celebrate MTA Payroll Tax Rollback - North Fork, NY - Tax for Metropolitan Transportation Authority eliminated completely for businesses with payrolls under $1.25 million.
New York State Senator David Carlucci (D-New City) visited Adam Lipson at the office of his Pearl River business to discuss the benefit of the reduction in the MTA Payroll Tax.
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