Legislation
SECTION 201-C
Qualified transportation fringe benefit program for employees of the city university of New York
State Finance (STF) CHAPTER 56, ARTICLE 14
§ 201-c. Qualified transportation fringe benefit program for employees
of the city university of New York. 1. The city university of New York
is authorized to establish a qualified transportation fringe benefit
program consistent with section 132 of the internal revenue code and
regulations adopted pursuant thereto.
2. Following the establishment of a qualified transportation fringe
benefit program as authorized by subdivision one of this section,
employees of the city university of New York shall be permitted to use
pre-tax earnings to purchase qualified transportation benefits, in
accordance with federal law and shall thereupon be entitled to such
personal income tax benefits as may be authorized by such law.
of the city university of New York. 1. The city university of New York
is authorized to establish a qualified transportation fringe benefit
program consistent with section 132 of the internal revenue code and
regulations adopted pursuant thereto.
2. Following the establishment of a qualified transportation fringe
benefit program as authorized by subdivision one of this section,
employees of the city university of New York shall be permitted to use
pre-tax earnings to purchase qualified transportation benefits, in
accordance with federal law and shall thereupon be entitled to such
personal income tax benefits as may be authorized by such law.