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Employers Transit Pass Credit

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If you are an employer who purchased transit passes to give or resell to your employees, you may qualify for a nonrefundable credit. The credit is 30% of the difference between what you paid and what you charged employees for the transit passes. (See Minnesota Statute 290.06, subdivision 28.)

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Who Qualifies [+]

To qualify, all of these must be true:

The transit passes are either passes, tokens, fare cards, vouchers, or similar items entitling a person to transportation at regular or reduced prices.
Your employees use the passes in Minnesota.
The transportation is provided by either:
- A public or private mass transit facility
- A person in the business of transporting people for compensation. The vehicle must have seating capacity for at least six adults, not including the driver.

Claim the Credit [+]

IF YOU'RE FILING AS A	CLAIM THE CREDIT ON
C Corporation	Form M4, Corporation Franchise Tax Return
Fiduciary	Form M2, Income Tax Return for Estates and Trusts
Individual or Sole Proprietor	Schedule M1C, Other Nonrefundable Credits
Partnership	One of these: Form M3, Partnership Return Schedule KPI or KPC, Partner’s Share of Income, Credits and Modifications (if distributing the credit to partners)
S Corporation	One of these: Form M8, S Corporation Return Schedule KS, Shareholder’s Share of Income, Credits, and Modifications (if distributing to shareholders.)

Contact Info

Email

Contact form

Phone

651-556-3075

Hours [+]

Address [+]

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Last Updated

December 16, 2024