New York has imposed a new employer payroll tax.  The Metropolitan Commuter Transportation Mobility Tax (MCTMT) is a .34% (.0034) rate on all payroll retroactive to March 1, 2009.    The tax is imposed on all employees who work in New York City (the counties of New York (Manhattan), Bronx, Kings (Brooklyn), Queens, and Richmond (Staten Island), and the counties of Rockland, Nassau, Suffolk, Orange, Putnam, Dutchess and Westchester.

The first payment to the State will be due October 31, 2009 for the retroactive period from March 1, 2009 through September 30, 2009.  After the initial period the new tax will be paid quarterly unless the employer is a mandated PrompTax filier (over $100,000 in NY Withholding liability for a calender year) then the tax is paid with every withholding payment.

For More Information Go to MCTMT