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"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 ...
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]
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.
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 ...
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 ...
Following Payroll Tax Repeal, MTA Proposes LIRR Fare Increases - North Fork, NY - New fare hikes could take effect as early as March 1.
MTA Approves Fare Hikes, Again It is the third year in a row the agency has raised fare prices and the announcement came on the same day Westchester has decided to sue over the MTA payroll tax ...
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 ...