New Jersey to Require Pre-Tax Commuter Benefits
On March 1, 2019, New Jersey established a transit benefit ordinance that requires employers to offer employees pre-tax commuter transit benefits, consistent with certain “qualified transportation fringe” benefits, as defined in Section 132(f) of the Internal Revenue Code.
While the ordinance takes effect immediately, it will not be enforced until final rules and regulations are released. The earliest enforcement is anticipated to be March 1, 2020 but is subject to change.
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