This bill amends New Jersey law to expand the definition of "alternative means of commuting" to include micromobility-sharing arrangements and transportation network company services, thereby allowing these benefits to be eligible for tax exclusions and credits. Specifically, it defines "micromobility-sharing arrangement" as a rental service for bicycles, electric bicycles, and scooters available for point-to-point use within a designated area. Additionally, "transportation network company services" refers to prearranged rides provided by companies like Uber and Lyft, with specific conditions under which these rides are not considered shared rides.

The bill aims to encourage the use of diverse commuting options by making employer-provided benefits for these services excludable from employees' gross income, similar to existing benefits for public transportation and carpooling. This change is intended to promote environmentally friendly commuting practices and reduce reliance on single-occupancy vehicles. The bill will take effect immediately upon passage.

Statutes affected:
Introduced: 27:26A-3