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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.
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]
New York governor pushes for tax increase after nixing toll program in Manhattan. ALBANY, N.Y. (AP) — On Wednesday, Gov. Kathy Hochul enraged environmentalists and public transit advocates ...
"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 ...
Just under two months after a State Supreme Court judge ruled that the Metropolitan Transportation Authority's payroll tax was unconstitutional, the MTA announced multiple proposed fare hikes that ...
Through Empire's transparency efforts, overtime abuse in the Metropolitan Transit Authority (MTA) was uncovered. [28] Empire discovered that MTA's payroll grew by $418 million in 2018, a large portion of which was from a $119 million increase in overtime. [29] $145 million alone was spent on overtime from the Subway Action Plan.
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 ruled the MTA Payroll Tax that drained $1.4 billion from New York’s downstate economy . Unfortunately, NYC-based interests are already working to overturn the ruling so I want to share some ...