VOLUNTARY PARKING CASH OUT - THE NEW LAW AND ITS IMPACT ON TRANSIT AND VANPOOL BENEFITS

On August 5, 1997, a change in the commute benefit provision of the Internal Revenue Code was enacted as part of the Taxpayer Relief Act of 1997. This change, which became effective January 1, 1998, allows employers to offer voluntary parking cash out programs to their employees. This article provides a summary of the new law and its impact on transit and vanpool benefits.

• Corporate Authors:

  Association for Commuter Transportation

  1518 K Street, NW, Suite 503
  Washington, DC  United States  20005
• Authors:
  • Filler, L
• Publication Date: 1998-4

Language

• English

Media Info

• Pagination: p. 14-16
• Serial:
  • TDM Review
  • Volume: 6
  • Issue Number: 1
  • Publisher: Association for Commuter Transportation

Subject/Index Terms

• TRT Terms: Employee benefits; Employer sponsored transportation; Pay parking; Taxation; User benefits; Vanpools
• Uncontrolled Terms: Parking costs
• Subject Areas: Public Transportation; Society;

Filing Info

• Accession Number: 00754452
• Record Type: Publication
• Files: TRIS
• Created Date: Oct 14 1998 12:00AM