News & Analysis as of

Public Transit Employee Benefits

Laner Muchin, Ltd.

New Illinois Commuter Benefit Requirement Effective January 2024

Laner Muchin, Ltd. on

Effective January 1, 2024, Illinois “covered employers” will be required to provide “covered employees” the opportunity to pay for commuter passes on a pre-tax basis pursuant to the Transportation Benefits Program Act (the...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Illinois Employers Required to Provide Public Transit Benefits in 2024

Many employers with at least fifty employees in the six-county Chicago area will have to provide their full-time employees with pre-tax public transit benefits starting January 1, 2024, under a new Illinois law....more

Cozen O'Connor

Broad Street Brief: Gym Introduces Bill Mandating Employers Provide Transit Commuter Benefit Program

Cozen O'Connor on

CITY HALL- Gym Introduces Bill Mandating Employers Provide Transit Commuter Benefit Program Councilmember Helen Gym introduced a bill last week that would require businesses with 50 or more employees to establish a...more

Seyfarth Shaw LLP

Goodbye to 2019 … and the Parking and Public Transit Benefits Tax

Seyfarth Shaw LLP on

Good news to close out the year: The “Further Consolidated Appropriations Act, 2020” (H.R. 1865 - the “2020 Act”) retroactively repeals the much maligned tax on qualified transportation fringe benefits (the so-called “church...more

Flaster Greenberg PC

New Jersey Requires Pre-Tax Transportation Fringe Benefits

Flaster Greenberg PC on

The federal Tax Cuts and Jobs Act of 2017 eliminated a federal tax deduction for employers which had allowed them to deduct the cost of providing qualified transportation benefits to employees (thereby removing the tax...more

Proskauer - Law and the Workplace

New Jersey Employees to Be Entitled to Pre-Tax Transportation Fringe Benefits

New Jersey will soon become the first state to require certain employers to offer employees tax-favored transportation benefits. S.B. 1567, also known as An Act Concerning Pre-Tax Transportation Fringe Benefits (the...more

Seyfarth Shaw LLP

New Guidance For Nonprofits And The Tax On Parking And Public Transit Benefits

Seyfarth Shaw LLP on

Two recent Treasury Notices provide interim guidance to nonprofits trying to calculate (or seeking to avoid) the tax they may have to pay for the provision of certain parking and public transit benefits to their employees,...more

Davis Wright Tremaine LLP

NYC to Require Most Employers to Offer Qualified Transportation Benefits

Effective Jan. 1, 2016, the New York City Affordable Transit Act (the “Act”) will require covered employers to establish a program allowing full-time employees to designate up to the federal limit of $130 per month in pre-tax...more

FordHarrison

New York City Transit Benefit Requirement Fast Approaching

FordHarrison on

As most New York City employers know by now, beginning January 1, 2016, the New York Mass Transit Benefits Law (the "ordinance") requires employers with twenty or more full-time employees working in New York City to offer...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

D.C. Commuter Benefits Are Almost Here: Employers Must Comply by January 1

Employers with 20 or more employees working in the District of Columbia have fewer than 90 days to comply with a new law that requires them to offer commuter benefits to employees by January 1, 2016. Washington, D.C. is one...more

Seyfarth Shaw LLP

Covered Employers In D.C. Will Be Required To Provide Transportation Benefits To Employees By January 1, 2016

Seyfarth Shaw LLP on

Beginning January 1, 2016, covered employers in the District of Columbia will need to comply with a new requirement to provide employees with a transportation benefit program. The requirement is set forth in Subtitle A of...more

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