State Senate Passes Bill to Restore Commuter Tax Break

Measure would nearly double pre-tax commuter benefits.

The Senate Finance Committee passed a bill Thursday that would bring back a federal tax break for commuters, according to Newsday.

According to Newsday [paid link]:

From 2009 until January, commuters could set aside as much as $230 a month tax free to cover their public transportation costs. When the law expired, the benefit rolled back to $120 per month. A similar tax break for those who drive to work increased this year from $230 to $240 a month.

This benefit would be retroactive to January.

While the Senate initially approved this measure in February, it did not pass as part of a transportation bill in June. At that time the New York State Transportation Equity Alliance and Long Island Rail Road Commuter Council “strongly supported” these pre-tax commuter benefits.

“This is a wrong which must be righted,” Long Island Rail Road Commuter Council chairman Mark Epstein told Newsday.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »