Commuter Tax Coming Back for New Jerseyans Who Work in Manhattan?
The Manhattan borough president thinks the state Legislature should restore New York City’s suburban commuter tax.
The New York Times says Scott Stringer’s office estimates the tax could generate $725 million a year for regional mass transit.
The Democrat is considered a likely candidate for mayor. The Legislature eliminated the commuter tax in 1999. It had been in place for 33 years.
The income tax was paid by commuters who worked in New York City but lived elsewhere.
Under Stringer’s proposal, the tax would be levied at the 1999 rate. That was 0.45 (zero-point-four-five) percent for most commuters.
(Copyright 2012 by The Associated Press. All Rights Reserved.)