Governor Phil Murphy recently signed a bill into law requiring New Jersey employers of at least 20 employees to offer a pre-tax transportation fringe benefit to employees beginning March 1, 2020.

Employees may set aside up to $265 per month of pre-tax wages, which can be used for mass transit commuting costs (bus/rail), vanpooling lease costs, and parking.  Employees could save up to $900/year by not paying federal income tax on that salary.

Commuter benefits can be structured as an employee-funded tax-free payroll deduction; as an employer-funded benefit; or the costs can be shared by employer and employee. The benefit can be delivered in the form of transit provider-specific passes or universally accepted vouchers and debit cards.

goHunterdon is reaching out to area employers to provide assistance on how best to promote this benefit to employees.

For more information or assistance, contact Tara Shepherd, Executive Director, tshepherd@gohunterdon.org