Your MCTMT due is .34% (.0034) of your payroll expenses for all covered employees for each calendar quarter. The tax is remitted on a new quarterly form (MTA-305) Employer’s Quarterly Metropolitan Commuter Transportation Mobility Tax Return. You can choose to pay this tax using the PrompTax program if you currently use the PrompTax program to file New York State withholding tax.

DUE DATES

For the period March 1, 2009 to September 30, 2009, your return is due November 2, 2009

For the period October 1, 2009 to December 31, 2009, your return is due February 1, 2010

For 2010, the return will be due quarterly with your other payroll tax returns so they will be due:

January 1 to March 31 Due April 30

April 1 to June 30 Due July 31

July 1 to September 30 Due October 31

October 1 to December 31 Due January 31

You are not required to file until the first quarter when your payroll expense exceeds $2,500. However, if you previously filed but have a payroll expense of less than $2,500 for a later quarter, you must file a return showing no tax due.  If you have any questions, please contact your local accountant or Staten Island CPA (If your business is on Staten Island)