The Coalition for Smarter Transportation applauds the work of local advocates The Coalition for Smarter Growth on their three year effort to require flexible commuter benefits in Washington DC. On April 7, 2020, the Washington DC City Council unanimously approved the Transportation Benefits Equity Act (B23-148). This new law will allow an employee who is…
Last week the DC City council unanimously passed legislation that would require employers who offer free or subsidized parking to also offer employees subsidized transit or the cash equivalent of the value of parking provided. The legislation provides employers with a number of options to comply including the aforementioned parking cash-out policy, including developing and…
Washington DC Transportation Benefits Equity Amendment ACT of 2020 Policy: Employer Ordinance – Transit Benefits/Parking Cash-Out Body: City Council Status: Pending (Approved Through Committees-Awaiting Final Passage) – 3/11 Last Action: First Reading Approved (3/2020) Next Steps: Council Passage (Expected 4/2020) Location: Washington DC Links: http://lims.dccouncil.us/Legislation/B23-0148 http://lims.dccouncil.us/Download/41896/B23-0148-Engrossment.pdf https://www.smartergrowth.net/parkingcashout/ (Coalition for Smarter Growth) Summary The…
The IRS, in conjunction with the US Department of Treasury Office of Tax Policy, issued Notice 2019-30 inviting the public to make recommendations on items that should be included in the IRS’s 2019-20 Priority Guidance Plan. This plan is “issued to identify and prioritize the tax issues that should be addressed through regulations, revenue rulings,…
Section 13304 of ‘Tax Cuts and Jobs Act’ (P.L 115-97) requires employers to add all costs associated with parking and commuter benefits to its tax liability. The IRS has released guidanceand request for comments on how employers are to calculate additional tax liability as a result of parking they provide. This guidance establishes a ‘primary use’…
The Coalition for Smarter Transportation (CoaST) and Best Workplaces for Commuters (BWC) will host a webinar on ‘A Parking Tax? How New IRS Rules Impact Employers’. During this webinar, staff from CoaST and BWC will review how the Department of Treasury’s recent guidance on parking will impact employers. During the webinar, presenters will: Provide…
The Coalition for Smarter Transportation is a proud supporter of CommuteCon, a half-day free online conference that features people focused on finding smart, sustainable solutions to big mobility challenges. The event, hosted by CoaST member RideAmigos takes place February 13. Registration is required (register below) Free Registration is Still Open for CommuteCon! Join us live for…
CoaST Review of IRS Guidance on Employer-Provided Parking This week, the IRS issued guidance to employers on how they should administer changes made by tax reform regarding employer-provided parking and parking fringe benefits. The guidance also dives into how tax-exempt organizations are to deal with the change in tax law. During the presentation, CoaST staff will…