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To fill the gap of $1 billion a year that would have been raised by congestion pricing, the Governor proposed increasing the MTA payroll mobility tax on certain New York City businesses. Her proposal would have increased the tax on businesses with payroll expenses of more than $1.75 million a year from 0.6 percent of expenses to 0.825 percent ...
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]
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.
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.
A bill that would repeal that controversial MTA payroll tax in suburban counties has passed the Senate, but appears to be headed into limbo in the Assembly. A number of local lawmakers co ...
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.
On Thursday, she was scrambling to get support for her proposal to hike a business tax as a way of replacing the $1 billion per year the tolls had been expected to raise for New York's ailing ...
Politics & Government MTA Payroll Tax Cut Praised; Full Repeal Still Sought Local leaders and business people have railed against tax since it was adopted in 2009.