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ChineseUncar For A Parking Payback
[tags]commute, parking, free money, incentive, car free, uncar[/tags]
We all know that going car-free (uncar-ing as I like to call it) can save you a load of money each month. Gas, insurance, parking, service - all these things add up. But if your employeer provides free parking, there may be a little extra money coming your way if you decide to uncar. Thanks to a law that was first enacted in 1992, private employeers (with 50 or more employees) who provide free parking in a leased lot must pay a stipend equal to the cost of the parking space to employees who do not drive to work. This can obviously be a sizable little sum, upwards of $150 per month, depending on how much your company pays for parking.
Obviously the law is a bit complex, and the restrictions may mean your free parking doesn’t qualify (perhaps your employeer owns the parking lot), but it is worth looking into. You could end up with some extra cash in your pocket just for being a MetroRider!
Related Links:
- C.I.C.L.E. - Little-Known State Law Gives N0-Parking Perk (from LA Times article)
- LA Times - Little-Known State Law Gives No-Parking Perk (PDF)
- Access No.13 Fall 1998 University of California Transportation Center - Congress Okays Cash-Out (PDF)
Discussion
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Please keep discussions civil: exercise Troll Controll.
Should we expect Metrolink riders to do the same?
do the same wut?
Pay for parking to start but no, I mean declare their transit benifits as income. Here along the Ventura Line our Metrolink riders get the equivalent of a free BMW and I just thought… you know you wanted to be fair.
This probably explains why some companies charge a small parking fee. (Not that this is bad - it’s not like everyone drives. “Free” company parking is paid for my the bus riders.)