Examples of Qualified Parking Expenses in a sentence
If an Employee obtains a qualified parking space the monthly limit for Qualified Parking Expenses shall apply to the individual designated as the “prime member” in accordance with Treas.
Reimbursements for Qualified Parking Expenses will not exceed the applicable monthly limit described in Code §132(f), Code §132(f), as ad- justed for inflation.
Eligible Transportation Expenses include those qualified expenses paid for by the employee to purchase or pay for Commuter Vehicle Expenses or Qualified Parking Expenses.
Notwithstanding the above, Qualified Parking Expenses do not include any of the following:• parking on or near property used by the Employee for residential purposes;• the value of parking provided to an Employee that is excludable from his or her gross income as a working condition fringe under Code §132(a)(3); and• reimbursements paid to the Employee for parking costs that are excludable from his or her gross income as an amount paid under an accountable plan under Treas.
A Participant can receive benefits in the form of reimbursements for Qualified Parking Expenses (Qualified Parking Benefits), subject to the limits described in Sections 7.6 and 7.7. Any such election must include an election to pay the Eligible Employee's Cost for such benefits on a pre- tax Compensation Reduction basis.
This can include a monthly parking pass, a daily fee or coins in a parking meter.• Your election will continue from month to month and year to year unless you change it or terminate employment with the Federal Judiciary.• Reimbursements for Qualified Parking Expenses will not exceed the monthly value set forth in Internal Revenue Code Section 132(f), as adjusted for inflation.Visit http://judiciary.adp.com for more information on the maximum monthly allowance.
Reimbursements for Qualified Parking Expenses will not exceed the monthly value as set forth in Code §132(f), as adjusted for inflation.
If an Employee obtains a qualified parking space as a result of membership in a car pool or van pool, the monthly limit for Qualified Parking Expenses shall apply to the individual designated as the “prime member” in accordance with Treas.
Α Enroll in the QTB Program by completing one of the two Qualified Transportation Benefit Plan Employee Compensation Reduction Election/Agreement Forms (Direct Payment to Vendor for Parking or Employee Reimbursement for Qualified Parking Expenses).
If permitted by the Employer, an Eligible Employee can elect to participate in this Plan by electing (a) to receive benefits in the form of reimbursements for Qualified Parking Expenses (Qualified Parking Benefits), subject to the limits described in Section 6.8; and (b) to pay the Participant’s share of the Cost for such benefits on a pre-tax Compensation Reduction basis.