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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 ...
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.
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.
The MTA's payroll costs jumped $418 million last year, driven by a nearly 16% spike in overtime payments, according to records compiled and released Monday by the Empire Center, an Albany-based ...
The Town of Huntington recently filed a claim to recover MTA payroll tax payments and is urging residents to do the same.
Tuesday’s ruling of the New York Court of Appeals means businesses within the Metropolitan Transportation Authority region, which includes Rockland County, must still pay the tax.
The remaining phases of the ongoing "Fare Transformation" project aim to add contactless credit cards, Apple Pay, and Google Pay as payment methods for all subway and bus lines so passengers will not need to purchase a CharlieCard or CharlieTicket.
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 ...
Commuter tax. A commuter tax is a tax (generally on either income or wages) levied upon persons who work, but do not live, in a particular jurisdiction. The argument for a commuter tax is that it pays for public services, such as police, fire, and sanitation, received by and beneficial to people who work within the jurisdiction levying the ...
Finding a Solution to the MTA Payroll Tax - Mineola, NY - Sen. Jack Martins calls for independent audit of MTA's finances.