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Transportation News (2)

8 Facts to Know for New Jersey's Commuter Benefits Law

If you own a business in New Jersey, you need to start offering a commuter benefits program if you employ a certain amount of employees.
Businesses that are not in compliance with the New Jersey commuter benefits law that went into effect on March 1 2020 can be fined.
Here’s a primer on New Jersey’s Commuter Benefit Ordinance with the insight you need to comply. We also have a toolkit for businesses available here.

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Transit & parking benefits tax repeal praise

Edenred Commuter Benefit Solutions, which mission is to make tax-free commuter benefits an essential part of employee benefits packages nationwide, praises the repeal of a section of the 2017 Tax Cuts and Jobs Act that required tax-exempt organizations to pay a 21% Unintended Business Income Tax (UBIT) on parking and transit benefits provided to employees, which comes as part of the year-end spending and tax package signed on December 20, 2019.

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