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Commuter benefits - employer-provided benefits under section 132(f) of the tax code, covering tax-free transit, vanpool, or parking benefits. Commuter highway vehicle - a tax law term for vanpool as defined in section 132(f)(5)(B). Fare card - a card or ticket that a transit rider can use to ride on a public transit system.
A Qualified Employee Discount is defined in Section 132(c) as any employee discount with respect to qualified property or services to the extent the discount does not exceed (a) the gross profit percentage of the price at which the property is being offered by the employer to customers, in the case of property, or (b) 20% of the price offered for services by the employer to customers, in the ...
Fare cards vastly simplify transfers, especially between different operators, since the transfer and payment (if any) is handled automatically by the card. Since transfers between services can significantly expand the effective range and coverage of another service, fare cards are often implemented specifically to improve a transit network's ...
A transit pass (North American English) or travel card (British English), often referred to as a bus pass or train pass etc. (in all English dialects), [1] [2] is a ticket that allows a passenger of the service to take either a certain number of pre-purchased trips or unlimited trips within a fixed period of time.
Transfer payments to (persons) as a percent of federal revenue in the United States Transfer payments to (persons + business) in the United States. In macroeconomics and finance, a transfer payment (also called a government transfer or simply fiscal transfer) is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return ...
Don’t forget to factor your balance transfer fee into the new balance on your card. This fee can be anywhere from 3 percent to 5 percent of your transferred balance, depending on the card.
Revenue collected from real estate taxes for transportation purposes helped to contain the deficit. However, due to the weak economy and unstable real estate market, money from these taxes severely decreased; in 2010, tax revenue fell at least 20% short of the projected value. [135]
Ben Franklin Transit’s sales tax revenue has nearly doubled over the past decade, from about $28 million in 2014 to $53 million in 2024. Their expenses have also grown along the same pace, from ...