Establishes a qualified transportation fringe benefits program in New York.

The bill amends the tax law to establish a qualified transportation fringe benefits program. It allows employers to provide employees with benefits such as transit passes, commuter highway vehicle charges, qualified parking, and qualified bicycle commuting reimbursement. Employers can offer these benefits through a pre-tax election program. The bill also allows for an itemized deduction for the full amount of expenses for any qualified transportation benefit provided to an employee.

Establishes a qualified transportation fringe benefits program in New York.

The bill amends the tax law to establish a qualified transportation fringe benefits program. It allows employers to provide employees with benefits such as transit passes, commuter highway vehicle charges, qualified parking, and qualified bicycle commuting reimbursement. Employers can offer these benefits through a pre-tax election program. The bill also allows for an itemized deduction for the full amount of expenses for any qualified transportation benefit provided to an employee.