Comments: IL HB2533 | 2019-2020 | 101st General Assembly

Bill Title: Creates the Transportation Benefit Program Act. Provides that an employer that is situated in Cook County and for which an average of 20 or more full-time employees work for compensation shall offer a program that allows a covered employee to elect to exclude from taxable wages and compensation the employee's commuting costs incurred for the purchase of a transit pass to use public transit up to a maximum level allowed by federal tax law. Provides that a covered employer may comply by participating in a program offered by the Chicago Transit Authority or the Regional Transit Authority. Provides that all transit agencies shall market the existence of the program to their riders. Establishes penalties for violations of the Act. Amends the State Finance Act to create the Transportation Benefits Program Fund. Effective January 1, 2020.

Spectrum: Partisan Bill (Democrat 44-0)

Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HB2533 Detail]

Text: Latest bill text (Introduced) [HTML]

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