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Changes to New York's Metropolitan Commuter Transportation Mobility Tax
Multistate tax alert | October 31, 2014
In this alert we discuss the changes to the Metropolitan Commuter Transportation Mobility Tax ("MCTMT") and suggest some taxpayer considerations.
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New York's Metropolitan Commuter Transportation Mobility Tax
New York Tax Law imposes the Metropolitan Commuter Transportation Mobility Tax ("MCTMT") on certain employers and self-employed individuals engaging in business within the metropolitan commuter transportation district ("MCTD").1 New York’s 2014-2015 Budget Act included certain provisions that simplify the administration of the MCTMT on self-employed individuals and members of partnerships engaging in business within the MCTD.2 These changes are effective for tax years beginning on or after January 1, 2015.3 The payment and filing due dates for the MCTMT imposed on employers have not changed.
In this alert we discuss the changes to the MCTMT and suggest some taxpayer considerations.
1 The MCTD covers the five boroughs of New York City (New York (Manhattan), Brooklyn, Bronx, Richmond (Staten Island), and Queens), Nassau and Suffolk Counties on Long Island, and Dutchess, Orange, Putnam, Rockland, and Westchester Counties, which are to the north of New York City. N.Y. Tax Law § 800(a) and N.Y. Pub. Auth. Law § 1262.
2 Chapter 59 of the Laws of 2014 (Part DD).
3 See TSB-M-14(1)MCTMT (Aug. 25, 2014).
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