(a) Pursuant to paragraph (f) of subdivision (1) of section 209-B of the Tax Law, the Commissioner of Taxation and Finance is authorized to determine the rate of the metropolitan transportation business tax surcharge for taxable years beginning on or after January 1, 2016, under paragraph (f) of subdivision (1) of section 209-B of the Tax Law.
(b) The metropolitan transportation business tax surcharge will be computed at the rate of 28 percent of the tax imposed under section 209 of the Tax Law for taxable years beginning on or after January 1, 2016 and before January 1, 2017. The rate used to compute the metropolitan transportation business tax surcharge, as determined by the commissioner, will remain the same in any succeeding taxable year, unless the commissioner, pursuant to the authority in paragraph (f) of subdivision (1) of section 209-B of the Tax Law, determines a new rate.
(c) The metropolitan transportation business tax surcharge will be computed at the rate of 28.3 percent of the tax imposed under section 209 of the Tax Law for taxable years beginning on or after January 1, 2017 and before January 1, 2018. The rate used to compute the metropolitan transportation business tax surcharge, as determined by the commissioner, will remain the same in any succeeding taxable year, unless the commissioner, pursuant to the authority in paragraph (f)(1) of section 209-B of the Tax Law, determines a new rate.
(d) The metropolitan transportation business tax surcharge will be computed at the rate of 28.6 percent of the tax imposed under section 209 of the Tax Law for taxable years beginning on or after January 1, 2018 and before January 1, 2019. The rate used to compute the metropolitan transportation business tax surcharge, as determined by the commissioner, will remain the same in any succeeding taxable year, unless the commissioner, pursuant to the authority in paragraph (f) of subdivision (1) of section 209-B of the Tax Law, determines a new rate.
(e) The metropolitan transportation business tax surcharge will be computed at the rate of 28.9 percent of the tax imposed under section 209 of the Tax Law for taxable years beginning on or after January 1, 2019 and before January 1, 2020. The rate used to compute the metropolitan transportation business tax surcharge, as determined by the commissioner, will remain the same in any succeeding taxable year, unless the commissioner, pursuant to the authority in paragraph (f) of subdivision (1) of section 209-B of the Tax Law, determines a new rate.
(f) The metropolitan transportation business tax surcharge will be computed at the rate of 29.4 percent of the tax imposed under section 209 of the Tax Law for taxable years beginning on or after January 1, 2020 and before January 1, 2021. The rate used to compute the metropolitan transportation business tax surcharge, as determined by the commissioner, will remain the same in any succeeding taxable year, unless the commissioner, pursuant to the authority in paragraph (f) of subdivision (1) of section 209-B of the Tax Law, determines a new rate.
(g) The metropolitan transportation business tax surcharge will be computed at the rate of 30 percent of the tax imposed under Tax Law section 209 for taxable years beginning on or after January 1, 2021 and before January 1, 2022. The rate used to compute the metropolitan transportation business tax surcharge, as determined by the commissioner, will remain the same in any succeeding taxable year unless the commissioner, pursuant to the authority contained in Tax Law section 209-B(1)(f), determines a new rate.