Office of the New York State Comptroller

Procurement and Disbursement Guidelines

Bulletin Category: Travel
Bulletin Number: g-205
Date Issued: 7/15/02 Date Last Updated: 1/19/07
Bulletin Name: Qualified Transportation Fringe Benefits
Purpose

To advise State agencies of the Federal statutory rates concerning employer-provided transportation benefits.

 
Background

Information explaining the Federal tax law concerning employer-provided transportation benefits can be found in the following publications:

NYS Accounting System User Procedures Manual -
Volume XI - Controls and Special Procedures
Section 8.0160 - Employer Provided Transportation Benefits
http://www.osc.state.ny.us/agencies/accmanual/special/80160.htm

Publication 15-B, Employer's Tax Guide to Fringe Benefits
http://www.irs.gov/pub/irs-pdf/p15b.pdf

 
Agency Action

All fringe benefits are taxable unless the law specifically excludes them. You can generally exclude the value of transportation benefits you provide to an employee during 2007 from the employee's wages up to the following limits:

  1. $110 per month for combined commuter highway vehicle transportation and transit passes.
  2. $215 per month for qualified parking.

 
Questions If you have any questions regarding this bulletin, please contact:

Office of the State Comptroller
Bureau of State Expenditures
Customer Service Help Desk
(518) 474-4868
stexpend@osc.state.ny.us