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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.
The deal proposes to do this by raising the state's payroll mobility tax for New York City's largest businesses, Hochul said.
It collects revenue from passenger fees and from a Metropolitan Commuter Transportation Mobility Tax, a payroll tax levied on employers in the 12-county area served by the MTA.
Malliotakis held a series of forums on the MTA Payroll Mobility Tax and its alleged negative impact on small businesses, nonprofit organizations, and private schools. The New York state legislature and Governor Andrew Cuomo subsequently enacted significant repeals.
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. [8]
Businesses hit with payroll tax to support MTA; Rockland gets less in transportation service than it pays for.
State Group Joins Rockland's Fight Against MTA Payroll Tax - New City, NY - Rockland wants tax scrapped, better service from MTA and $220M in damages.
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 132 (a), Qualified Transportation Fringes. Monies ...
Rockland County is supporting for a state Senate proposal that would scrap the MTA’s payroll tax imposed in 2010 to cover the agency’s budget gap.
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 America, [4] the NYCTA has a daily ridership ...