D.C. Mun. Regs. tit. 7, r. 7-3310

Current through Register Vol. 71, No. 43, October 25, 2024

Rule 7-3310 - CLEAN-AIR TRANSPORTATION FRINGE BENEFIT: MARKET VALUE OF EMPLOYER-PROVIDED PARKING BENEFIT

3310.1

DDOT shall determine the market value of a Clean-air Transportation Fringe Benefit for each covered employer. The market value of a Clean-air Transportation Fringe Benefit shall be:

(a) The median of the publicly-advertised monthly prices of parking available for rent to the public at any privately-owned parking facilities within one quarter (1/4) mile of the business premises;

(b) If there is no privately-owned parking facility within one quarter (1/4) mile of the employee's place of work that rents parking to the public, the median of the publicly-advertised monthly prices of parking available for rent to the public at any privately-owned parking facilities within one half (1/2) mile of the business premises; or

(c) If there is no privately-owned parking facility within one-half mile of the employee's place of work that rents parking to the public, a sum of one hundred seventy five dollars ($175), which may be adjusted according to the most recent Consumer Price Index for All Urban Consumers in the Washington Metropolitan Statistical area, as published by the United States Bureau of Labor Statistics. DDOT shall publish the adjusted sum on its website.

3310.2

For purposes of this section, "parking facility" means a facility licensed pursuant to and compliant with Chapter 6 of Title 24 of the DCMR.

3310.3

The publicly-advertised monthly price of a particular privately-owned parking facility shall be determined by referencing published prices available online or in print that correspond to what an individual would pay for monthly access to the parking facility and shall not include personalized price quotes or special onetime or recurring discounts.

D.C. Mun. Regs. tit. 7, r. 7-3310

Final Rulemaking published at 69 DCR 1547 (2/25/2022)