February 1, 2016
Long Island Business News turned to National Tax Partner-in-Charge Joseph Perry to understand New York State's new Metropolitan Transportation Authority business surcharge tax.
Long Island Business News
By Claude Solnik
Excerpt:
Even as New York State cut its business taxes in a widely publicized effort to provide a more business-friendly climate, it has hiked the Metropolitan Transportation Authority business surcharge tax.
The New York State Department of Taxation and Finance collects the surcharge, also known as the metropolitan commuter transportation mobility tax, but distributes it to the MTA.
Although most taxes are state-wide, the MTA tax is only collected from businesses in the Metropolitan Commuter Transportation District, including New York City, Nassau, Suffolk, Rockland, Orange, Putnam, Dutchess and Westchester counties.
“It’s a tax on a tax,” said Joseph Perry, a partner at Marcum, with Long Island operations in Melville. “The New York State commissioner has the ability to set the rate. It’s not normal for that to happen.”
