The MCTMT was imposed on certain employers in NYS within the Metropolitan Commuter Transportation District of NYS, this includes the 5 counties of NYC and 7 surrounding counties.
Effective 4/1/2012 this tax has been eliminated for any company with payroll expense of less than $312,500. per quarter, this is up from a thresshold of $2500. From $312,500. to $375,000 it's a lesser rate of .11%. From $375,000. to 437,500. the rate is .23% and from $437,500. it's the full .34%.
In additional all eligible educational institutions are no longer subject to this tax at all. This includes private and public schools.
No return is due if an employer is not subject to that tax during that quarter.
