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.