N.J. Admin. Code § 17:1-14.5

Current through Register Vol. 56, No. 24, December 18, 2024

Section 17:1-14.5 - Claims for payment from plan accounts

(a) Claims for payment of expenses eligible for payment from the Commuter TaxSave Program account shall be submitted to the plan administrator with parking or park-and-ride receipts. Information about the plan administrator and claim forms shall at all times be available from the Division.

(b) In each month, the total payments from a Commuter TaxSave Program account shall not exceed the prescribed Federal pre-tax monthly election limit.

(c) Commuter TaxSave Program accounts may not be used to pay expenses incurred prior to the employee's participation in the account or for periods that an employee is not contributing to the Program, except as permitted by Section 132 of the Federal Internal Revenue Code of 1986, 26 U.S.C. § 132.

(d) Commuter TaxSave Program accounts may only be used to pay for eligible commuter expenses incurred by the employee.

N.J. Admin. Code § 17:1-14.5

Amended by R.2009 d.25, effective 1/5/2009.
See: 40 N.J.R. 4928(a), 41 N.J.R. 277(a).
In (a), deleted "of Pensions and Benefits" following "Division"; and in (b), substituted "prescribed Federal pre-tax monthly election limit" for "total salary reduction amount elected by the employee for that account for that month".