TAX TIPS FOR ELECTRICIANS:
: : Stuart A. Sinclair, CPA
(516) 935-2086
The New Metropolitan
Commuter Transportation Mobility Tax
This tax applies to
employers whose payroll exceeds $2,500 in any calendar quarter
and who are required to withhold NY State income tax. The
Districts subject to the tax are the five boroughs of NY City
and the counties of Rockland, Nassau, Suffolk, Orange, Putnam,
Duchess and Westchester. The rate for employers is .34%
(roughly a third of one percent) of gross payroll. The same
rate applies to net earnings from self-employment. The
effective dates are:
1. March 1, 2009 for
employers other than public school districts.
2. Sept. 1, 2009 for
public school districts
3. Individuals: Tax years
beginning on or after January 1, 2009 calculated on 10/12 of
your net earnings from self-employment.
The employers’ tax returns
are due November 2, 2009. The initial payment period is March
1, 2009 thru September 30, 2009. Public schools have an initial
payment period of September 1, 2009 thru September 30, 2009.
Individuals due date is November 2, 2009. An employer is
prohibited from deducting this tax from an employee’s wages.
The MCTMT will subsequently be due April 30 (for January 1 –
March 31), July 31 (for April 1 – June 30), October 31 (for July
1 – September 30) and January 31 (for October 1 – December 31).
When the due date falls on
Saturday, Sunday or legal holiday, the employer may report on
the next business day. There are no extensions of time allowed
for employers to report or pay the MCTMT. If an employer
overpays its MCTMT, the employer may apply for a refund.
However, the department will keep all or part of an overpayment
of the MCTMT if the employer owes a past due legally enforceable
debt to a NY State agency, or a NY City tax warrant judgment
debt. The department will also keep all or part of a refund or
overpayment if the employer owes a past due legally enforceable
debt to another state, provided that state has entered into a
reciprocal agreement with NY State.
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