Employees who participate could access up to $200 per month in eligible ride-share or bike-share benefits, in addition totraditional transit and parking options, while reducing their taxable income, which increases their take-home pay.
Many employees do not fully utilize existing transportation benefits offered by their employers. Often, current programs are limited in scope or do not reflect the flexibility workers need.
This bill reflects the realities of how New Yorkers commute today.
