Commuters lose transit, parking, biking benefits in tax bill

WASHINGTON (AP) — Count commuters among the losers in the Republican tax bill that the House and Senate are expected to vote on next week.

The final bill agreed to by Republican negotiators and released late Friday eliminates the tax incentive for private employers that subsidize their employees’ transit, parking and bicycle commuting expenses.

Currently, companies can provide parking or transit passes worth up to $255 a month to employees as a benefit to help pay for their commuting expenses, and then deduct the costs from their corporate taxes. That amount was set to increase to $260 a month on Jan. 1...(more)

I thought the most difficult loss for public transit would be felt in the reduction of write-offs for bonds used to finance capital projects. Maybe that was not in the final tax bill.

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One thought on “Commuters lose transit, parking, biking benefits in tax bill

  1. Hopefully this helps sf out with those stupid commuter busses. We may see less.
    It also kills private activity bonds used for public private partnerships. I’m not saying bike share may or may not end but as an example ford bikes and sfmta is an example of private and public partnership. The private activity bonds cut as well as tax exempt for commuters that is mentioned in this article are probably the only 2 things in the tax bill that may help us with sfmta’s crap.

    As for the rest of the bill unlike other states this bill means nothing for the citizens of California as 95% of the taxes we pay are by state and local governments. Not to mention the gas tax they just raised.

    I’d worry more about the California transportation bill that was proposed being pushed by spur and all of these other stupid groups. That’s the one to worry about.

    Like

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