Excludes Orange and Rockland counties from the payroll tax of the metropolitan commuter transportation district.

The bill amends the tax law to exclude the counties of Orange and Rockland from the payroll tax of the metropolitan commuter transportation district. This change affects employers who engage in business within the MCTD in the specified counties. The tax is imposed at different rates based on the payroll expense of employers. The bill takes effect immediately and applies to taxable years beginning on or after January 1, 2025.

Excludes Orange and Rockland counties from the payroll tax of the metropolitan commuter transportation district.

The bill amends the tax law to exclude the counties of Orange and Rockland from the payroll tax of the metropolitan commuter transportation district. This change affects employers who engage in business within the MCTD in the specified counties. The tax is imposed at different rates based on the payroll expense of employers. The bill takes effect immediately and applies to taxable years beginning on or after January 1, 2025.