As a part of a year end deal on tax issues, Congress repealed a provision of the 2018 tax reform bill which requires tax-exempt organizations to pay taxes (21%) on parking and transit benefits that they provide to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…
Congress Passes FY 2020 Funding Bill This week, in a flurry of action, Congress passed the FY 2020 Transportation Budget. The legislation includes funding above and beyond what was authorized by the FAST Act. Below is a brief summary: USDOT The bill provides $1.0 billion for national infrastructure investments, these have been called TIGER and…
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…
In this online meeting, CoaST will present a series of policy options that we are exploring in different States. The purpose of the meeting is to go over the policy recommendations and discuss other States that we can target in 2020. Click Here to Register
CoaST Reauthorization Update December 9TH 2:00 PM EDT Please join the Coalition for Smarter Transportation as we provide an update of the Federal Transportation Authorization. In this webinar we will cover the following information: Update on Status of the Re-authorization of FAST-ACT Status of CoaST principles Review of Action items and resources Update on the…
FY 2020 Appropriations Stop-Gap Includes Rescission Fix In order to make the budgetary math work, the 2015 FAST Act included a $7.6 billion rescission in it that was to take effect at the end of the authorized FAST Act. Previous transportation bills have included similar provisions. The thought process being that when the day of…
On November 1st, the Federal Transit Administration issued a notice of funding for its Mobility for All Pilot Program. The new program seeks to improve mobility options through strategies to enhance mobility and access to community services for older adults, individuals with disabilities, and people with low incomes. The $3.5-million program will fund projects that…
Yesterday, Secretary Chao announced $900 million in new BUILD grants. BUILD is a Congressionally appropriated program that funds multimodal capital expansion projects. BUILD grants, formerly TIGER grants, are not a part of the FAST Act and are funds allocated over and above authorized levels. Funding will go to 55 projects in 35 states. Click here…
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…
FTA Issues Notice of Funding for Mobility for All On November 1st, the Federal Transit Administration issued a notice of funding for its Mobility for All Pilot Program. The new program seeks to improve mobility options through strategies to enhance mobility and access to community services for older adults, individuals with disabilities, and people with…