New York increases rate of MTA surcharge in 2020

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

December 2019

Overview

The rate of New York’s Metropolitan transportation business tax surcharge will increase to 29.4% from 28.9%, effective for tax years beginning on or after January 1, 2020, and before 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.

Contact us

Peter Michalowski

Peter Michalowski

State and Local Tax Leader, PwC US

Follow us