Amendment of Mass Transit Benefit Rules
Proposed Rules: Closed to Comments
Statement of Basis and Purpose of Proposed Rule
In October 2014, the City Council passed the Mass Transit Benefits Law (Local Law 53 of 2014), which requires employers with 20 or more full time employees to offer the opportunity to purchase certain pre-tax transportation benefits to their employees. The law is expected to reduce transportation costs to employees, promote a cleaner environment by increasing the use of mass transit and lower payroll taxes for employers.
These proposed rules define the penalties to be imposed when the department finds a violation of the Mass Transit Benefits Law and provide guidance to employers about recordkeeping requirements and the right to cure violations.