Get Mta 305

In 2009, New York enacted the Metropolitan Commuter Transportation Mobility Tax, a 0.34% levy on payrolls and self-employment earnings in New York City and Nassau, Suffolk, Westchester, Rockland, Orange, Putnam, and Dutchess counties.

This MCTMT is assessed based on the employer's total payroll expense that an employer has or a certain amount of net income that a self-employed individual generates. The maximum MCTMT rate is 0.34%. The tax rate scale is based on how much payroll the employer pays for covered employees each calendar quarter.

The maximum MCTMT rate is 0.34%. The tax rate scale is based on how much payroll the employer pays for covered employees each calendar quarter. The rates are as follows: Over $312,500 - $375,000: 0.11% tax.

Who has to pay MCTMT? Employers, not employees, are required to pay MCTMT. Employers pay MCTMT only when their payroll expense per quarter is in excess of $312,500. Please refer to the New York State Department of Taxation and Finance for more information.

The MCTMT is applied to an employer's payroll expense for all covered employees for each calendar quarter where the employer withholds New York State income tax from wages paid to covered employees and that has a payroll expense in excess of $2,500 in any calendar quarter.

an income tax imposed by a locality on those who work within its boundaries but reside elsewhere.

The MTA 305 is a very specific form. Used to report and pay the Metropolitan Commuter Transportation Mobility Tax (MCTMT), the form should be filled out only by employers who do business within the Metropolitan Commuter Transportation District (MCTD).

Mail your return to: MCTMT PROCESSING CENTER. PO BOX 4139. BINGHAMTON NY 13902-4139.