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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.
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.
The deal proposes to do this by raising the state's payroll mobility tax for New York City's largest businesses, Hochul said.
An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. 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 ...
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.
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. Sean Roach , Patch Staff