WebOct 20, 2024 · *Note that qualified bicycle commuting reimbursement was suspended for tax years 2024-2025 under the 2024 Tax Cuts and Jobs Act. Covered employers in Philadelphia must provide the required commuter transit benefit to covered employees no later than December 31, 2024. For a copy of the complete ordinance please click here. WebOct 13, 2024 · Philadelphia Mayor Jim Kenney signed into law an Ordinance that requires certain employers to offer a commuter transit benefit program to eligible employees. The Ordinance, entitled...
Philadelphia Adds Commuter Benefit Requirement Chard Snyder
WebJul 5, 2024 · On June 9, 2024, the Philadelphia City Council passed an ordinance that will require certain employers to offer a pre-tax commuter benefits program to their employees. The Philadelphia mayor is expected to sign the bill soon. Key Takeaways When signed into law, the bill will take effect December 31, 2024 WebAug 4, 2024 · Philadelphia Mayor Jim Kenney has signed into law the Employee Commuter Transit Benefit Ordinance. The Details: Effective December 31, 2024, “covered employers” in Philadelphia with 50 or more employees must provide covered employees with a commuter transit benefit program. bob spearing
Philadelphia Employer Commuter Transit Benefit Program
WebOn June 22, Philadelphia Mayor Jim Kenney signed the Employee Commuter Transit Benefit Programs ordinance (the “Ordinance”). The Ordinance goes into effect on December 31, 2024, and requires employers with 50 or more covered employees, excluding government employers (“covered employers”) to provide commuter transit benefits to WebDec 19, 2024 · Monday, December 19, 2024 Effective December 31, 2024, the Philadelphia, … WebMay 16, 2024 · For taxable years beginning after 2024 and before 2026, Congress suspended the exclusion for qualified bicycle commuting reimbursements by removing them from the Code’s definition of a “qualified transportation fringe” … bob spears clothing