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