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Ch. 356
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2000 LAWS OF MARYLAND
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CASH ALLOWANCE TO AN EMPLOYEE IN AN AMOUNT EQUAL TO THE PARKING
SUBSIDY THAT THE EMPLOYER WOULD OTHERWISE PAY OR INCUR TO PROVIDE THE
EMPLOYEE A PARKING SPACE.
(3) "GUARANTEED RIDE HOME" MEANS IMMEDIATE TRANSPORTATION
PROVIDED BY A BUSINESS ENTITY FOR AN EMPLOYEE WHO:
(I) RECEIVES ANY OF THE COMMUTER BENEFITS DESCRIBED IN
SUBSECTION (B)(1) OR (2) OF THIS SECTION; AND
(II) IS REQUIRED TO LEAVE WORK EARLY FOR ILLNESS OR OTHER
VERIFIABLE REASON.
[(2)] (4) "Instrument" means a pass, token, fare card, voucher, or similar
item.
(5) "PARKING SUBSIDY" MEANS:
(I) THE DIFFERENCE BETWEEN THE OUT-OF-POCKET AMOUNT
PAID BY AN EMPLOYER ON A REGULAR BASIS TO SECURE THE AVAILABILITY OF AN
EMPLOYEE PARKING SPACE NOT OWNED BY THE EMPLOYER AND THE PRICE
CHARGED TO THE EMPLOYEE FOR USE OF THAT SPACE; OR
(II) FOR PARKING OWNED OR LEASED BY THE EMPLOYER AS AN
INTEGRAL PART OF A LARGER FACILITY, THE FAIR MARKET VALUE OF A PARKING
SPACE PROVIDED BY THE EMPLOYER FOR PARKING COMMUTER VEHICLES, AS
DETERMINED:
1. BY CONSIDERING TYPICAL COSTS PAID OR INCURRED BY
USERS OF NEARBY EQUIVALENT PAID PARKING SPACES, BY EVALUATING THE
ANNUAL AMORTIZED COST OF CONSTRUCTING AND OPERATING THE PARKING SPACE
DIVIDED BY THE NUMBER OF WORK DAYS PER YEAR THE SPACE IS ORDINARILY
USED; OR
2. BY OTHER REASONABLE AND JUSTIFIABLE MEANS.
(b) A business entity may claim a tax credit in an amount equal to 50% of the
cost of providing the following commuter benefits to the business entity's employees:
(1) If provided for the purpose of travel between the employee's residence
and place of employment, any portion of the cost of transportation TO OR FROM A
LOCATION FN THE STATE in a vehicle or an instrument that is used to offset any
portion of the cost of transportation TO OR FROM A LOCATION IN THE STATE in a
vehicle:
(i) With a seating capacity of at least eight adult individuals; and
(ii) At least 80% of the annual mileage of which is incurred:
1. For the purpose of transporting individuals between their
residences and their places of employment; and
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- 2044 -
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