Business Opportunities
Tax-Deductible Subsidized Passes and Bulk-Pass Purchases
TransitChek is a commuter benefit program that employers can offer to their employees to help pay for commuting on transit. It saves employers and commuters money because the program takes advantage of federal legislation that allows TAX-FREE dollars to pay for transit fares. TransitCheks are vouchers that can be redeemed to purchase passes, tickets and tokens for every transit agency in the region. To learn more visit www.gettransitcheck.org.
Employers can reduce their payroll taxes. Section 132(f) of the Federal tax code allows employers to offer pre-tax purchases of up to $230 per month per employee in 2009 for qualified transit, train or vanpooling benefits.
Employers who buy 300 or more passes receive a 15% discount. Potentially a company can buy 300 passes at a discount and sell them to their employees at the reduced cost. The Employer essentially becomes a ticket outlet for their own employees. Freedom Transit will deliver the tickets to your door and bill you for the passes that are sold to your facility. (Discounts also available for 25-150 passes at 5% and for 151-299 passes at 10%).