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The Chicago Transit Authority (CTA) is the operator of mass transit in Chicago, Illinois, United States, and some of its suburbs, including the trains of the Chicago "L" and CTA bus service. In 2023, the system had a ridership of 279,146,200, or about 977,000 per weekday as of the second quarter of 2024. The CTA is an Illinois independent ...
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 ...
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.
New York City Transit — the MTA branch responsible for the city subways and buses — spent $119 million more on overtime last year as its workers' average pay increased to $84,265 from $79,916 ...
Now that soda tax will be generating revenue for the county, the number of workers needed to be laid off could decrease, according to CBS 2 Chicago. UPDATED (7:01 p.m. Tuesday, Aug. 1) Photo by ...
That’s because they’re required to maintain the sale tax collection rate used in 2022 when it passed. That would be a loss of $3.5 million in transit support grants and $1.925 million in ...
Thursday January 18, 2024: THE NEW TAX AND FINANCIAL RULES HAVE CHANGED. Understand the potential impact taxes have on your retirement...
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]