(a) Pursuant to paragraph (e) of subdivision (1) of section 209-B of the Tax Law, the Commissioner of Taxation and Finance shall annually review the thresholds, set forth in subdivision (1) of section 209-B of the Tax Law, at which a corporation is deemed to be deriving receipts from activity in the Metropolitan Commuter Transportation District for purposes of imposing the metropolitan transportation business tax surcharge, and shall adjust such thresholds if the commissioner finds that the cumulative percentage change in the Consumer Price Index since January 1, 2015, or since the thresholds were last adjusted, is 10 percent or more.
(b) In December of each year, the commissioner shall ascertain the Consumer Price Index available at the end of the year from the United States Department of Labor, Bureau of Labor Statistics, as published during such month. If the Consumer Price Index has changed by 10 percent or more from the Consumer Price Index available on January 1, 2015, or since the thresholds were last adjusted, then the commissioner shall adjust the receipts thresholds by the same percentage as the change in the Consumer Price Index and rounded up to the nearest $1,000 level. The commissioner shall publish on the department’s web site the newly adjusted receipts thresholds and such other information as may deemed necessary and proper by the commissioner.