Loading chat...

NY A10048

Bill

Official Source

Status

Engrossed

6/30/2010

Primary Sponsor

Harvey Weisenberg

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Applies to private employers with 50 or more employees, excluding public employers and the state of New York
  • Requires employers to establish a qualified transportation fringe benefit program consistent with Section 132 of the Internal Revenue Code
  • Permits employees to reduce compensation through payroll deduction to purchase qualified transportation benefits on a pre-tax basis
  • Deducted employee salaries are held separately by a program administrator and counted toward retirement benefits to the extent permitted by federal law
  • Does not require employers to provide transportation; only mandates offering a pre-tax benefit program for employees who elect to participate

Legislative Description

Requires employers with fifty or more employees shall establish qualified transportation fringe benefit programs consistent with section 132 of the internal revenue code; defines terms; provides that employers are not required to provide transportation for employees.

Last Action

3RD READING CAL.767

6/30/2010

Committee Referrals

Rules6/30/2010
Labor2/26/2010

Full Bill Text

No bill text available