New York Governor Signs 2025-2026 Budget That Includes Business Tax Hikes
Withum
MAY 12, 2025
Including a payroll tax hike and new rules related to partnership audits. Payroll Mobility Tax Hike The Metropolitan Commuter Transportation Mobility Tax (MCTMT) rate is increased for employers with more than $10 million in payroll. While there are no major tax changes in the budget bill, several items are worthy of note for taxpayers.
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