A Parking Tax? How New IRS Rules Impact Employers – CoaST & BWC Webinar

  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…

CoaST Review of IRS Guidance on Employer Provided Parking

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…

IRS Releases Guidance on Employer Provided Parking & Parking Benefits

The Department of Treasury has released guidance regarding employer-provided parking, parking fringe benefits, and information regarding the status of how tax-exempt organizations are to handle changes to fringe benefits and unintended business tax. The guidance can be found below. It should be noted that the IRS will waive penalties and fees for organizations that have not paid…

Washington DC Regional Employers Call for Smarter Transportation System

A group of prominent employers in the greater Washington DC region released a blueprint calling for investment in smarter transportation. The document, entitled Capital Region Blueprint for Regional Mobility makes numerous recommendations including: Modernizing Intercity and Commuter Rail Improve Roadway and Trail Performance – including enhancing congestion pricing Create High-Performing Public Transit Grow Employer Mobility Programs Expand…

Support Legislation to End the Penalty on Non-Profits for Offering Transportation Options

The Tax Cuts and Jobs Act signed into law last December, more commonly referred to as tax reform, made several changes to the transportation fringe benefit (IRC Sec. 132(f)). The legislation maintained the parking and transit tax benefits for individuals.  However, it also made the transportation fringe benefit more expensive for non-profits and universities that…

New Jersey Statewide Transit Benefit Ordinance Action Center

AB 2425/S1567 would authorize a statewide transit benefit ordinance in New Jersey similar to that of San Francisco, Washington DC, and New York City. If enacted, employers with more than 50 employees would be required to offer pre-tax transportation fringe benefits to their employees. Transit benefit programs greatly reduce drive alone rates, thus, reducing congestion, improving…