Authorizes the election of qualified transportation fringe benefits and allows employers to offer employees pre-tax earnings for such benefits.

This bill amends the tax law to authorize the election of qualified transportation fringe benefits, which include transportation network company prearranged trips, ridesharing, and bikesharing membership programs. It also allows any employer to offer employees the opportunity to use pre-tax earnings for the purchase of these benefits. The provisions of this bill apply to taxable years beginning on and after January 1, 2026.

Authorizes the election of qualified transportation fringe benefits and allows employers to offer employees pre-tax earnings for such benefits.

This bill amends the tax law to authorize the election of qualified transportation fringe benefits, which include transportation network company prearranged trips, ridesharing, and bikesharing membership programs. It also allows any employer to offer employees the opportunity to use pre-tax earnings for the purchase of these benefits. The provisions of this bill apply to taxable years beginning on and after January 1, 2026.