The benefits, which allow for up to $230 a month of pretax income to be set aside for transit commuting, may dip to just $125 a month if Congress does not decide on an extension by the end of the month.
"'Unless Congress acts, there will be a financial bias in the federal tax code against public transit use,' Michael P. Melaniphy, president and chief executive of the American Public Transportation Association, said in a statement. 'We are seeking to maintain parity with the parking benefit to ensure that there isn't a disincentive to take public transportation.'
Because Congress has not extended the benefits, human resource managers can only allow employees to set aside as much as $125 pretax for January because the disbursements are done a month ahead, according to Paul Dean, a vice president at Transit Center, which oversees transit benefits for 15,000 public agencies and private companies. Dean said about 25 percent of the companies in major metropolitan areas offer the pretax benefit options."
FULL STORY: Transit users await congressional action on pretax benefits
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Universal City TX
ULI Northwest Arkansas
Town of Zionsville
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