An Act establishing parking cash-out

HD 3058 requires employers with 10 or more employees to offer a "parking cash-out" program instead of providing free or subsidized parking. Under this law, employees who choose not to use employer-provided parking can receive equivalent financial benefits - such as transit subsidies, cash, or a mix - equal to the current market cost of parking. Employers must calculate this cost based on nearby public parking rates or, if unavailable, the lowest-priced transit option within a quarter-mile, adjusting annually using the Consumer Price Index. The bill directly affects employers (excluding those with union contracts requiring parking or vehicle-reimbursed roles) and their employees who currently receive parking benefits.