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NEW YORK — Transit workers raked in lots of extra cash last year as the MTA worked to resuscitate subway service, agency payroll figures show.
New York State Senator David Carlucci (D-New City) visited Adam Lipson at the office of his Pearl River business to discuss the benefit of the reduction in the MTA Payroll Tax.
NYS Senators Greg Ball and Lee Zeldin presented their plan to phase-out the MTA payroll tax during a press conference in Yorktown on Wednesday. Plamena Pesheva , Patch Staff Posted Thu, Jun 9...
The New York City Transit Authority (also known as NYCTA, the TA, or simply Transit, 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.
Transport Workers Union of America (TWU) is a United States labor union that was founded in 1934 by subway workers in New York City, then expanded to represent transit employees in other cities, primarily in the eastern U.S. This article discusses the parent union and its largest local, Local 100, which represents the transport workers of New ...
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 ...
The rate of .21 percent for New York City’s five boroughs would remain in effect. The estimated savings from the elimination of the MTA Payroll Tax would be $767 million.
The state Senate has passed legislation to derail the payroll tax put in place last year to rescue the Metropolitan Transportation Authority from a big budget deficit.
The Metropolitan Transportation Authority (MTA) is a public benefit corporation responsible for public transportation in the New York City metropolitan area of the U.S. state of New York.
The MTA tax rate is .0034 or .34%, meaning that small businesses pay $3.40 for every $1,000 of payroll. So, if your annual payroll is $100,000, you only end up paying an extra $340 worth of tax...