Proposed Legislation Would Require Tax Benefits For Some Mass Transit Users

NEW YORK (CBSNewYork/AP) -- Advocates are praising the New York City Council's passage of a bill that would require businesses with 20 or more full-time employees to offer federal tax benefits for mass transit users.

The Wall Street Journal says the benefit lets participants use up to $130 a month of their pre-tax earnings to pay for transit costs. That amounts to a discount because it lowers their tax bill.

Some businesses say it could result in administrative burdens and added costs. They want an awareness campaign without a mandate and potential civil violations.

A spokesman for Mayor Bill de Blasio has declined to say whether he'll sign the bill.

If it becomes law, the measure would take effect on Jan. 1, 2016.

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