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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 ...
The MTA's payroll costs jumped $418 million last year, driven by a nearly 16% spike in overtime payments, according to records compiled and released Monday by the Empire Center, an Albany-based ...
The Martins-Zeldin plan calls for the MTA Payroll Tax to be phased out each year until 2014, when it will be completely eliminated. “Eliminating this tax means more money will be back in the ...
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 ...
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.
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]
The Martins-Zeldin plan calls for the MTA Payroll Tax to be phased out each year until 2014, when it will be completely eliminated. Find out what's happening in Port Washington
Ball Announces Plan to Phase-Out MTA Payroll Tax - Yorktown-Somers, NY - NYS Senators Greg Ball and Lee Zeldin presented their plan to phase-out the MTA payroll tax during a press conference in ...