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2002 LAWS OF MARYLAND
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Ch. 507
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(i) A person conducting or operating a trade or business in
Maryland; or
(ii) An organization operating in Maryland that is exempt from
taxation under § 501(c)(3) or (4) of the Internal Revenue Code.
(2) "Cash in lieu of parking program" means an employer-funded
program under which an employer offers to provide a 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 or commutes by way of a nonmotorized method of
transportation; and
(ii) Is required to leave work early for illness or other verifiable
reason.
(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 in 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:
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