Bill > A01486

This bill authorizes employers in New York with three or more employees to offer qualified transportation fringe benefits (QTFBs) as a pre-tax compensation option starting January 1, 2026. The bill defines QTFBs broadly to include traditional transportation benefits outlined in federal tax code, such as transit passes and parking, but also expands the definition to cover transportation network company (TNC) trips, ridesharing and bikesharing arrangements, and memberships in transportation programs. Specifically, these benefits can be used for travel between an employee's home, workplace, or mass transit connections. The bill provides detailed definitions for terms like "ridesharing" (carpooling and vanpooling, but excluding school transportation) and "bikesharing" (rental bicycle or electric scooter systems), and applies to various types of employers including corporations, nonprofits, partnerships, and local governments. The New York State tax department is empowered to create rules and regulations to implement this new transportation benefit option, giving employers a flexible way to provide commuter benefits that can help reduce individual transportation costs and potentially decrease traffic congestion.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A1486