By Payroll and Entitlements Editorial Staff
The New York corporate franchise tax MTA surcharge rate will increase from 28.6% to 28.9% for tax year 2019. The rate will remain the same in later tax years, unless the Commissioner of Taxation and Finance establishes a new rate.
In addition, there will be no change for 2019, in the thresholds at which a corporation is considered to be deriving receipts from activity in the Metropolitan Commuter Transportation District for purposes of imposing the MTA surcharge. This is because the Consumer Price Index has not changed by 10% or more since January 1, 2015. (TSB-M-18(5)C, New York Department of Taxation and Finance, December 28, 2018,)
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