Hawaii SB2724 requires large employers to offer transit subsidies or cash allowances to employees instead of parking subsidies to reduce traffic.

Hawaii SB2724 aims to improve air quality and reduce traffic congestion by mandating large employers to provide transit subsidies, cash allowances, or both instead of employer-subsidized parking. Employers with 20 or more employees must offer employees a choice of tax-exempt transit or vanpool subsidies, taxable cash, or a combination of both, with the total benefit equal to or greater than the market rate cost of parking. The Department of Transportation will monitor compliance and report to the legislature every two years.

Hawaii SB2724 requires large employers to offer transit subsidies or cash allowances to employees instead of parking subsidies to reduce traffic.

Hawaii SB2724 aims to improve air quality and reduce traffic congestion by mandating large employers to provide transit subsidies, cash allowances, or both instead of employer-subsidized parking. Employers with 20 or more employees must offer employees a choice of tax-exempt transit or vanpool subsidies, taxable cash, or a combination of both, with the total benefit equal to or greater than the market rate cost of parking. The Department of Transportation will monitor compliance and report to the legislature every two years.