§ 7-307 Employer-Funded Transportation Benefits.
RCNY § 7-307
(a)As an alternative to offering the opportunity to use pre-tax earnings to purchase transportation fringe benefits, an employer may provide at the employer's expense a transit pass or similar form of payment for transportation on public or privately-owned mass transit or in a commuter highway vehicle.
(b)If the employer-provided transit pass or similar form of payment is less than the maximum transportation fringe benefit that may be excluded from pre-tax earnings under federal law, then the employer must offer employees the opportunity to use pre-tax earnings to purchase transportation fringe benefits for an amount equal to the difference between the value of the employer-provided transit pass or similar form of payment and the maximum amount that may be excluded from gross earnings under federal law. (Added City Record 11/18/2015, eff. 1/1/2016; amended City Record 8/8/2016, eff. 9/7/2016; amended City Record 8/21/2018, eff. 9/20/2018)
