NYS MCTMT

Hi, passing along a reminder from New York State:

We're reminding employers that the next MCTMT (Metropolitan Commuter Transportation Mobility Tax) return (Form MTA-305) is due January 31, 2014.

Make sure that you're still required to pay MCTMT.

• The threshold for filing MCTMT returns changed as of April, 2012.
• Employers whose payroll expense for a quarter is $312,500 or less do not have to pay MCTMT.
• There are no "zero returns" for MCTMT. If your payroll expense is under the threshold amount, you do not have to file MCTMT returns.

Check our MCTMT web pages to see if this filing deadline applies to you.
http://www.tax.ny.gov/bus/mctmt/default.htm

Questions? Call 518-485-2392