Employers in TMDs Eligible for FareShare

For Immediate Release: Wednesday, August 17, 2016

To help employers located within Transportation Management Districts (TMDs) encourage their employees to use transit and vanpooling, Montgomery County is introducing a FareShare matching subsidy program. The short term County subsidy will match the employer's transit benefits and help them offset their commute benefit program start-up costs. 

 

FareShare will match the employer-provided transit benefit up to a maximum of $50 a month per participating employee (and up to $10,000 in one year to any one employer). Employers can offer their employees any amount up to the maximum of $255 a month permitted by Federal tax law as a tax-free commute benefit.

 

How does the program work?

•             For employers that do not offer a direct transit/vanpool benefit, the County will assist in starting a commuter benefits program and will match the benefit offered by the employer up to $50 per employee per month.

•             For employers already offering a transit benefit but less than the maximum allowable $255 a month, the County will match any increase in the transit benefit up to $50 a month.

•             Transit and vanpool benefits must be offered through WMATA's SmartBenefits program.

•             Employers are eligible for a Maryland state tax credit of 50 percent of their contribution, up to a maximum of $100 per employee per month. This credit is available to both for-profit and nonprofit organizations.

 

Employers can learn more by calling 240-773-BWTW (2989) or emailing.

 

Get information about other assistance available from Commuter Services by visiting their website.

Release ID: 16-178
Media Contact: Esther Bowring 240-777-7155