Speaker Pelosi (D-CA) introduced the next COVID-19 response legislation entitled the HEROs Act. The legislation is more than a $3 trillion package (CAREs was a $2 trillion package). The legislation includes more than $1 trillion dollars for State and local governments, funding for hospitals and frontline workers, and additional funding for individuals that can amount…
This is the final update to this blog — for more information, please visit the CoaST COVID-19 Resource Page April 2, 12:30 PM The FTA has released apportionments for CARES funding. Additional information can be found below Cares Urban Apportionments FTA Release and Additional Tables March 27, 7:00PM Agreement has been finalized and the legislation…
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…
As a part of a year end deal on tax issues, Congress repealed a provision of the 2018 tax reform bill which requires tax-exempt organizations to pay taxes (21%) on parking and transit benefits that they provide to employees. The provision, known at UBIT (Unintended Business Taxable Income) created a transit and parking tax for…
Nov 20 — Today Councilor Lydia Edwards of the Boston City Council issued a statement declaring that she would lead a transit benefit ordinance in 2020. Transit benefit ordinances are effective tools that increase transit ridership and reduce drive-alone rates. These ordinances are also business friendly as they reduce the amount of parking that employers…
Today, the Internal Revenue Service (IRS) released guidance on cost of living increases for 2020. As a part of that release, the IRS noted that the monthly cap for transportation fringe benefits will be $270 for 2020, this is an increase from the $265/month cap in 2019. The monthly cap applies to bother parking and…
On Tuesday, June 18, at 2 p.m. EDT, the Federal Transit Administration (FTA) will host a second webinar for potential applicants and other stakeholders interested in the Integrated Mobility Innovation (IMI) Demonstration Program. FTA staff will provide further information on the application process, key requirements, including data, and will answer frequently asked questions.…
The Eno Foundation released a report regarding the changing mobility landscape. Eno also developed an infographic that accompanies this report From the Report Summary: Cities, states, and metro areas throughout the United States are going through a period of profound change and transition that is having enormous impacts on public transit. Demographic and cultural…
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…