~~ IMPORTANT TAX ANNOUNCEMENT ~~

NY METROPOLITAN COMMUTER TRANSPORTATION MOBILITY TAX

Please be advised that on May 7th New York enacted legislation which created the Metropolitan Commuter Transportation Mobility Tax.

This new tax is imposed on employers engaging in business within the Metropolitan Commuter Transportation District (MCTD). The Metropolitan Commuter Transportation District (MCTD) is defined under section 1262 of the Public Authorities Law. The MCTD includes 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.

Specifically, the tax applies to employers who are required to withhold New York state income tax from employee wages and whose payroll expense exceeds $2,500 in any calendar quarter. For employers, the tax rate is 0.34% of total payroll expense for employees employed within the MCTD.  The employer is prohibited from deducting any portion of this tax from wages of an employee.

The tax is applicable retroactively to March 1, 2009.  Retro invoices will be sent out shortly.
Complete information may be found at:  www.nystax.gov

Please contact us should you have any questions or require additional information.

Regards,

Shardell Cavaliere
Sr. Vice President Operations
818.972.3289
shardell@castandcrew.com

Scott Perri
Director, East Coast Operations
212.594.5686
scott@castandcrew.com

John Mauro
Payroll Supervisor
212.594.5686
jmauro@castandcrew.com

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