New York increases rate of MTA surcharge in 2021

December 2020


The New York Department of Taxation and Finance announced that the rate of New York’s metropolitan transportation business tax surcharge will increase to 30%, effective for tax years beginning on or after January 1, 2021.

The takeaway

The adoption of this regulation represents the periodic adjustment to the surcharge rate applicable to companies that are doing business in the Metropolitan Commuter Transportation District.  Taxpayers should periodically visit the Department's website for rulemaking actions to determine whether any changes to the rates are made.  These changes may not be as visible to taxpayers as those made during the legislative cycle.

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Peter Michalowski

National SALT Practice Leader, PwC US

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