Bus passes for January are now available at the Parking and Transportation office on the third floor of the Enron Building, ECN 306.
These passes are offered on a monthly basis and are provided at no charge to the Enron employee.
However, because these buses passes are fully subsidized they must be treated as "taxable" income.
Excluding the first $65 of the bus pass, the remaining value is subject to taxation, collectively referred to as "imputed tax".
See example below  Example: A $100 pass is chosen by an employee.
Subsidy for Bus Pass		$100.00 Exclusion amount			$  65.00  Taxable Income amount		$  35.00

Update to Bus Pass Information

Bus passes for January are now available at the Parking and Transportation office on the third floor of the <COMPANY> Building, ECN <NUMBER>.
These passes are offered on a monthly basis and are provided at no charge to the <COMPANY> employee.
However, because these buses passes are fully subsidized they must be treated as "taxable" income.
Excluding the first <CUR><NUMBER> of the bus pass, the remaining value is subject to taxation, collectively referred to as "imputed tax".
See example below Example: A <CUR><NUMBER> pass is chosen by an employee.
Subsidy for Bus Pass <CUR><NUMBER> Exclusion amount <CUR> <NUMBER> Taxable Income amount <CUR> <NUMBER>
collectively referred imputed basis provided number taxable income offered pass remaining value floor company building bus passes january chosen employee subsidy