NY issues bulletin on legislative changes to MCTMT for individuals

The New York Department of Taxation and Finance has issued a bulletin on legislative changes affecting individuals subject to the Metropolitan Commuter Transportation Mobility Tax (MCTMT). The changes are effective for tax years beginning on or after January 1, 2015. The Department will require self-employed individuals (including partners) to include annual MCTMT information on their personal income tax returns. New rules have aligned the due dates for the MCTMT and the personal income tax. The new law requires individuals making estimated MCTMT payments for 2015 to make those payments on their estimated personal income tax forms. The payments begin with the first quarter installment payment, due on April 15, 2015.

The MCTMT return for individuals (MTA-6) is being discontinued and will cease to exist for tax year 2015. The final MTA-6 for 2014 is due April 30, 2015.

MCTMT payments with personal income tax returns can be made through commercial software and the Department’s e-file service. MCTMT payments, including estimated payments, can be done through the Department’s website.

The bulletin notes that MCTMT filings for businesses (using Form MTA-305) remain unchanged.
The bulletin is available at http://content.govdelivery.com/accounts/NYTAX/bulletins/f10444. (Bulletin, New York Department of Taxation and Finance, March 16, 2015.)

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