Pre-Tax Transportation Fringe Benefits – Change Effective Jan. 1 2016

Pursuant to Section 20-926 of the New York City Administrative Code, effective January 1, 2016, employers who employ twenty (20) or more full-time employees in New York City must offer full-time employees the opportunity to use pre-tax earnings to purchase qualified transportation fringe benefits, other than qualified parking, in accordance with federal law.1 An employee is considered fulltime if he/she works an average of 30 or more hours per week.