Great news for employers and workers! RTD has streamlined its EcoPass program, making it easier and cheaper than ever before to provide transit passes as a benefit.
Coupled with the Alternative Transportation Options Tax Credit – which cuts the cost of providing EcoPasses and other resources in half – it’s never been a better time to encourage employees to get to work by taking the bus, bicycling, or commuting together. Plus, businesses in the city of Boulder enrolling for the first or second year can benefit from an additional cost-cutting incentive.
Starting January 1, 2024, RTD will implement one flat-rate contract minimum price for businesses of any size. Depending on the business location, employers in the city of Boulder with more than 32 workers will pay either $30 or $85 per person for EcoPasses.
Either way, employers with at least three people on staff can get reimbursed for 50% of the cost of providing passes and other alternative transportation resources by submitting Form DR 1323 with your taxes through 2024. Corporations and non-profit entities can include the amount spent on alternative transportation options on their standard tax forms, as described on this Colorado Income Tax Topics fact sheet.
BTC can help you get started today:
- Fill out the RTD employer information form at https://tinyurl.com/mr26bmnp
- Host lunch & learn sessions at your workplace to orient employees to the new mobile EcoPass
- BTC can connect you with resources to take advantage of the city subsidy and state tax credit
For more information, go to the Transit Pass Options page of our website.