Taxes, Parking and Transit: How the New Tax Bill Impacts Subsidies

If you’re an employer wondering how – or if – the new tax bill will impact your transportation policies, transportation experts say it could make directly subsidizing parking less attractive.

According to transportation research and policy organization Mobility Lab, “while some employers believe the bill has cut all tax subsidies offered by employers for parking and transit, this is not true. It has cut only one kind of subsidy…Indeed, the bill may lead employers to increase transit subsidies relative to parking subsidies.

“Previously, employers could write off $255 monthly in corporate taxes per employee subsidized for either transit or parking. That is no longer the case, although these subsidies do continue to benefit employers by reducing the payroll tax.”

Employees can still take a pre-tax benefit for parking and transit subsidies.

According to Mobility Lab, the tax change won’t affect parking for businesses that own their own spaces, or for whom parking is part of a bundled lease agreement. But employers that rely on third-party parking will see some changes.

Because many companies tend to directly subsidize parking, some transportation experts think that the changes in the tax bill may lead more employers to rethink their employees’ commute options.

“As more employers open up to the idea that they’re going to get taxed on subsidized parking, they may look to expand or increase their transit offerings,” says Jason Pavluchuk, a lobbyist for the Association for Commuter Transportation.

Are you an employer that’s interested in connecting more of your employees with options like transit? Or worried about the increasing costs of parking? Contact us to learn more about how we can help!

 

 

 

Photo by Ryan Searle on Unsplash

What Winter Weather Can Teach Us Year-Round

With the “icepocalypse” of 2018 bearing down on Central Texas this week, many employers were forced to ask employees to telecommute instead of risking icy roads.

Were you an employer who implemented remote work strategies? Did it make you wish you had a policy in place so your could benefit from telecommuting year-round?

If so, consider becoming one of the growing number of Central Texas employers that have a framework for telecommuting. It allows employers to save money and time, and is a great way to boost retention among employees!

Many of our members have worked with us to put a telecommute or flex hour policy in place. If you’re interested in what that would look like at your place of work, contact us!

 

 

 

Photo by Aaron Burden on Unsplash

Austin Makes America’s 10 Best New Bikeways List – Twice!

More and more cities are building and connecting bike routes, from on-street lanes to off-street bikeways. Austin is no exception – the Bicycle Master Plan maps out a continuous network of protected bike routes, and the 2016 Mobility Bond put aside $20 million which is helping to build some of those routes out.  

Two of Austin’s bikeways got recognition recently, making the People for Bikes 10 Best New Bikeways list. Coming in at #2 are the Barton Creek bike bridges, which span roughly a mile and give cyclists a completely protected bikeway separate from MoPac and Loop 360, where intrepid bike commuters previously had to use shoulder space next to vehicles. The bridges also make a north-south connection between existing bikeways, making it much more feasible for more people to commute by bike without risking life or limb.

In the #4 spot on the list is Austin’s 3rd Street protected bike lane. That stretch of bikeway is separated by a concrete curb from car traffic, and connects a 5-mile continuous loop of bikeways that spans Central Austin. If you ride on the downtown bikeways, you’ll also notice the new bike traffic signals that help cyclists safely navigate busy intersections.

If you’re an employer wondering how to make it easier for more employees to use options like cycling to get to work, give us a call!