Bill
A 3242
Overview: Bill Number: A 3242, Title: Repeals the metropolitan commuter transportation mobility tax, Status: REFERRED TO WAYS AND MEANS, Introduced: January 27, 2025Purpose and Int
Overview: Bill Number: A 3242, Title: Repeals the metropolitan commuter transportation mobility tax, Status: REFERRED TO WAYS AND MEANS, Introduced: January 27, 2025
Purpose and Intent: This bill aims to repeal the metropolitan commuter transportation mobility tax (MCTMT), which is a payroll tax imposed on employers and self-employed individuals within the Metropolitan Commuter Transportation District (MCTD). The goal is to provide tax relief for businesses and individuals within the MCTD.
Key Provisions:
- Completely eliminates the MCTMT, which is currently set at a rate of 0.34% of an employee's wages or a self-employed individual's net earnings from self-employment.
- Removes the requirement for employers and self-employed individuals to calculate, withhold, and remit the MCTMT to the state.
- Discontinues the MCTMT revenue stream, which is used to fund the Metropolitan Transportation Authority (MTA) and its operations.
Affected Parties and Impacts:
- Employers and self-employed individuals within the MCTD, who will no longer be subject to the MCTMT and will see a reduction in their tax burden.
- The MTA, which may face funding challenges if the MCTMT revenue is not replaced by alternative sources.
- Commuters and residents within the MCTD, who may be impacted by any changes to MTA services or infrastructure due to the loss of MCTMT revenue.
Procedural and Timeline Considerations:
The bill has been referred to the Ways and Means Committee for further consideration. If passed, the repeal of the MCTMT would likely be implemented within a specified timeframe, such as the beginning of the next fiscal year, to allow for the necessary administrative and budgetary adjustments.
Compiled from official sources — confirm details with the bill’s official record.
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