TRANSIT PASS PROGRAMS AND CASH REIMBURSEMENT

Final Regulations (Section 1.132-9) on Qualified Transportation Fringe Benefits - the transit and vanpool tax incentives supporting Commuter Choice Initiatives around the country - were issued by the Department of Treasury on January 11, 2001. Many employers and TDM professionals have had questions relating to specifics relating to the Final Ruling. This article considers the following specific questions: Defining "readily available"; What does an employer do during the transition?; Advance purchase requirements of more than one month at a time; Minimum purchase requirements of $1,000 in vouchers, when the employer seeks only $200; and, offering of vouchers in denominations appropriate for distribution to employees, i.e., only $65 month denominations are available when an employee needs $5 increments,

• Corporate Authors:

  Association for Commuter Transportation

  1518 K Street, NW, Suite 503
  Washington, DC  United States  20005
• Authors:
  • Duys, P
  • Saetveit, B
• Publication Date: 2001-10

Language

• English

Media Info

• Pagination: p. 10-11
• Serial:
  • TDM Review
  • Volume: 9
  • Issue Number: 4
  • Publisher: Association for Commuter Transportation

Subject/Index Terms

• TRT Terms: Commuter service; Employee benefits; Employee compensation; Employer sponsored transportation; Fare and toll prepayment; Regulatory constraints; Taxes
• Subject Areas: Finance; Passenger Transportation; Public Transportation;

Filing Info

• Accession Number: 00921335
• Record Type: Publication
• Files: TRIS
• Created Date: Mar 13 2002 12:00AM