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INCENTIVES
Both your company and employees have plenty to gain from supporting transportation options at your worksite including:
- Enhanced benefit package
- Tangible and low-cost benefits employees will appreciate
- Improve corporate morale
- Reduced need for parking
- Supporting the environmental
- Improved productivity
- Effective traffic management
TAX BENEFITS
Supporting commuting options lets you take advantage of federal and state tax savings including:
- Corporate income tax credits (30%) for bus passes and
vanpool expenses
- Federal and state tax-free treatment of transit benefits,
up to specified limits
- Regional discounted bus-pass programs
METROPASS
Companies can offer annual unlimited-ride bus passes for all their employees. Your up-front cost is based on the average fare paid by employees who currently ride the bus. Your cost is then reduced by the amount charged to employees. Two great incentives about this program are tax advantages up to $65 per month per employee and your costs decrease as participation increases. There is a huge tax savings for participating employers and this program gives the deepest discounts available to employees.
TRANSIT WORKS!
Employees at participating companies can purchase SuperSaver 31-Day Passes and Stored Value Cards and take advantage of pre-tax savings. Your organization's representative simply orders a quantity of SuperSavers to be sold to employees; passes and cards may be sold through payroll deduction or through personnel as designated by your company.
COMMUTER CHECKS
Commuter Checks are vouchers accepted by retail stores for the purchase of transit passes or qualifying vanpool expenses. Employers purchase these checks then give or sell them to employees. Due to tax breaks for employers and employees, you can use this program to compensate employees at a level higher than the salary equivalent. A Commuter Check is sold at 10 percent off the face value, plus the purchase price is a fully deductible business expense. |
