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Mass-transit tax break in Obama-signed 'fiscal cliff' bill

Originally published: January 2, 2013 5:45 PM
Updated: January 3, 2013 1:37 AM
By ALFONSO A. CASTILLO  alfonso.castillo@newsday.com

A new report says LIRR has untapped potential

Photo credit: Chris Ware | A new report says LIRR has untapped potential to transform the economies of Nassau and Suffolk.

A long-awaited tax break for transit users that will take some of the sting out of the MTA's upcoming fare hikes was included in the congressional "fiscal cliff" resolution, which was approved this week and signed by President Barack Obama Wednesday.

The Commuter Mass Transit benefit allows public transportation users to pay for the cost of their commutes with as much as $240 of pretax dollars...

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