The tax reform bill (H.R. 1) approved by the House and Senate this week, and expected to be signed by the President, eliminates the deduction available to employers for the provision of qualified transportation fringe (“QTF”) benefits to their employees beginning on January 1, 2018, and treats certain amounts paid toward QTF benefits as Unrelated Business Taxable Income for tax-exempt employers. The bill appears to apply the new rules both to employer-funded amounts as well as to amounts paid through employee pre-tax salary deductions.
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