Lower Court Ruling Overturned, Upholding Controversial MCTMT

In an August 2013 article published by Tax Stringer, “Lower Court Ruling Overturned, Upholding Controversial MCTMT,” Hodgson Russ tax attorneys Timothy P. Noonan and Elizabeth Pascal discuss what taxpayers and tax professionals can expect and what measures they should take in regard to New York’s Metropolitan Commuter Transportation Mobility Tax (MCTMT). Despite the fact that a New York appellate court overturned a lower court’s decision earlier this year, declaring the unpopular law constitutional, the future of MCTMT is likely to remain in flux for nine to 12 months, as the ruling will likely be appealed.

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