Bill > A03242

This bill repeals Article 23 of the tax law, which was the metropolitan commuter transportation mobility tax (MCTMT), effectively eliminating this specific tax. The bill requires the commissioner of taxation and finance to conduct a comprehensive review within 60 days of the bill's effective date and provide recommendations to key state leaders (the governor, the temporary president of the senate, and the speaker of the assembly) regarding any other legal provisions that might need amendments or repeal as a consequence of removing the MCTMT. The bill is set to take effect 270 days after becoming law, which provides a transition period for affected agencies and taxpayers. Importantly, the bill allows state agencies to prepare and complete any necessary regulatory adjustments in advance of the effective date to ensure smooth implementation of the tax repeal.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A3242