STATE OF NEW YORK
DEPARTMENT OF TAXATION AND FINANCE
COMMISSIONER OF TAXATION AND FINANCE
ALBANY, NEW YORK
	Pursuant to the authority contained in Tax Law sections 171, subdivision First and 209-B, subdivision one, and Section 7 of Part A of Chapter 59 of the Laws of 2014, the Commissioner of Taxation and Finance hereby makes and adopts the following amendments to the New York State Business Corporation Franchise Tax regulations under Article 9-A of the Tax Law as published in Title 20 of the Official Compilation of Codes, Rules and Regulations of the State of New York, to read as follows:
	Section 1. Subchapter A of Title 20 of the Codes, Rules and Regulations of the State of New York is amended to add a new subdivision (f) to section 9-1.2 of Part 9 to read as follows.
	(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.

Dated:  Albany, New York
	 February 20, 2020 
		
	                                                                                ______________________________
	                                                                                Michael R. Schmidt
		 					        Commissioner of Taxation and Finance