Many employers with at least fifty employees in the six-county Chicago area will have to provide their full-time employees with pre-tax public transit benefits starting January 1, 2024, under a new Illinois law.
- The act applies to employers with at least fifty full-time employees working in certain geographic areas in Illinois that offer a public transit system operated by the Regional Transportation Authority.
- Beginning January 1, 2024, employers will need to provide the benefit to all full-time employees after 120 days of employment.
- The transit benefit must comply with federal rules for qualified transportation fringe benefits.
