My accountant sends me an envelope that says I need to pay a nice amount to the Commissioner of Finance for the “Metropolitan Commuter Transportation Mobility Tax.” I paid it, but I have no clue what it is about. So of course, I “google” it and find tax.state.ny.us/mctmt.
What does that tell me? Not much, it just says this is a new tax that has to be paid by my company.
The metropolitan commuter transportation mobility tax (MCTMT) is a new tax imposed on certain employers and self-employed individuals engaging in business within the metropolitan commuter transportation district (MCTD). This department administers the tax for the Metropolitan Transportation Authority. (The MCTD includes the counties of New York (Manhattan), Bronx, Kings (Brooklyn), Queens, Richmond (Staten Island), Rockland, Nassau, Suffolk, Orange, Putnam, Dutchess, and Westchester.)
I then see two video links, so I get excited. Maybe the video’s tell me what this tax is about. I watched both videos on the New York State Tax Department’s YouTube Channel and learn nothing more than I already know.
(1) I have to pay it
(2) How to pay it online
So I assume it is some type of commuter tax but why am I paying it now, what does it cover?
So I dig even deeper and find a press release on NY Senate’s site that this tax is to cover the $2 billion deficit from the MTA (Metropolitan Transportation Authority). Great, I never use the MTA, nor do 99% of my employees, but I got to pay for it.
Faced with devastating cuts to services and fare increases, Senate bill S5451, sponsored by Senator Martin Malavé Dilan (D-Brooklyn), passed Wednesday, May 6 bringing financial solvency and accountability to the Metropolitan Transportation Authority.
The package closes a more than $2 billion operating deficit incurred by the MTA with a two-year $2.9 billion revenue stream covering operational costs and capital. It also puts in place measures to ensure that the public authority operates under the light of day, and incorporates sound accounting practices.
One more tax to the pile of government services I do not use.