Tax Update 25-C question - Local tax Changes - NY
Hi all
From the tax update notes -
For New York (NY), the locality code P0047 – Metropolitan Commuter Transportation Mobility Tax (Zone 2) is revised effective 07/01/2025. The resident and nonresident rates are set at 0.003400 (0.34%) and 0.006350 (0.635%), respectively.
In our current tax update environment, the configuration for Locality P0047 (New York) shows a non-resident rate of 0.635%. However, based on the notes, it appears the correct rate should be 0.34%. Can anyone confirm if they're seeing the same discrepancy?