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New York Commuter Tax

Written by: Allison Grace

Article Overview: The state of New York recently passed legislation funding the Metropolitan Transportation Authority, which serves the 12-county region of New York City. The legislation includes a new payroll tax on wages and compensation paid to employees who are employed within the New York Metropolitan Commuter Transportation District (MCTD).

New York Commuter Tax

The state of New York recently passed legislation funding the Metropolitan Transportation Authority, which serves the 12-county region of New York City. The legislation includes a new payroll tax on wages and compensation paid to employees who are employed within the New York Metropolitan Commuter Transportation District (MCTD). The MCTD includes the five boroughs of New York City and the following suburban counties: Nassau, Suffolk, Westchester, Rockland, Dutchess, Orange and Putnam. The legislation requires employers to pay a 0.34 percent tax on the payroll expense, which means wages and compensation as outlined above. Although the tax was passed in May 2009, it is effective for all wages paid since March 1, 2009. New York employersmust update payroll records to reflect the new tax rate, and payany amounts due retroactive to March 1, 2009.

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Article Tags: boroughs of new york, boroughs of new york city, commuter transportation district, five boroughs of new york, five boroughs of new york city, legislation, march 1, mctd, metropolitan transportation authority, nassau, nbsp, payroll expense, payroll records, payroll tax, putnam, state of new york, suburban counties, tax rate, wages, york employers



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