NY A02522

Establishes a qualified transportation fringe benefits program allowing covered employers (20+ employees, excluding government entities) to offer pre-tax benefits for transit passes, commuter highway vehicles, qualified parking, and bicycle commuting

Defines covered employees as those working an average of at least 10 hours per week for the same employer within the previous calendar month

Allows qualified bicycle commuting reimbursement of up to $20 per month for employees who regularly bike to work, covering bicycle purchase, improvements, repair, and storage expenses

Creates a full itemized tax deduction for employers for all expenses related to qualified transportation fringe benefits provided to employees

Takes effect immediately, with the transportation benefits program requirements beginning 120 days after enactment and tax deductions applying to taxable years beginning January 1, 2026