Bill > S03145

This bill authorizes employers with three or more employees in New York to offer qualified transportation fringe benefits as a pre-tax compensation option starting January 1, 2026. The bill defines several key terms, including "qualified transportation fringe benefits," which encompasses traditional transit benefits defined by federal tax code, as well as specific transportation options like TNC (Transportation Network Company) prearranged trips, ridesharing, and bikesharing arrangements. These benefits can include trips between an employee's home and workplace, mass transit connections, or memberships in transportation network, ridesharing, or bikesharing programs. The bill broadly defines employers to include corporations, nonprofits, partnerships, local governments, and other entities, and allows them to give employees the option to use pre-tax earnings to purchase these transportation-related benefits. The Department of Taxation is authorized to create rules and regulations to implement this new provision, which aims to provide workers with more flexible and potentially cost-effective transportation options by allowing them to use pre-tax dollars for various transit and commuting services.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S3145