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Under the U.S. Internal Revenue Code section 132 (a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax. The qualified transportation benefits are transit passes, vanpooling, bicycling, and parking ...
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.
A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)), is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the consumer who ultimately bears the burden of the ...
The Transit Access Pass (TAP) is a contactless smart card used for automated fare collection on most public transport agencies within Los Angeles County, California. The card is also available in electronic form, free of charge, in Apple Wallet , thereby bypassing the need to purchase the plastic USD $2 card. [ 2 ]
Universal transit pass. In North America, a Universal Transit Pass (U-Pass)—also known as a Universal Access Transit Pass —is a program that provides students who are enrolled in participating post-secondary institutions with unlimited access to local transit. [1]
A train ticket is a transit pass ticket issued by a railway operator that enables the bearer to travel on the operator's network or a partner's network. Tickets can authorize the bearer to travel a set itinerary at a specific time (common for long-distance railroads), a set itinerary at any time (common for commuter railroads), a set itinerary ...
In March 2013, Madison's Common Council approved additional funding to the program, allowing Metro Transit to provide 450 discounted passes each month, a 50% increase from the original 300 passes. [37] To be eligible, passengers must fill out a self-certification form that their income is at or below 150% of the national poverty line. [38]
Karnataka Sakala Services Act. The Karnataka Sakala Services Act was passed in 2011 to provide guarantee of services to citizens in the Indian state of Karnataka with a stipulated time limiting to citizen related services. The act came to be known as the Sakala act since November 2012. Karnataka is the tenth state to incorporate an act under ...