Product aims to help eligible companies in Colorado claim the tax credit
Read DocumentGet DocumentProduct aims to help eligible companies in Colorado claim the tax credit
Product aims to help eligible companies in Colorado claim the tax credit
Boulder, CO, October 12, 2022 - Commutifi, a Boulder-based commute solutions company has launched a program to help eligible companies in Colorado plan and submit their employees’ commute programs to receive a 50% return on their Transportation Demand Management (TDM) program costs through the Alternative Transportation Options Tax Credit.
The new product is designed in response to the State of Colorado’s announcement that it will be providing tax relief to employers that promote alternative transportation options to their employees in 2023-2024. The final rules and clarification for accepted expenses will be released by the State in 2023, however getting started now ensures you collect the right data and will be ready to maximize your credit.
Commutifi has partnered with leading shared mobility technology provider Liftango to present Colorado employers with a host of alternative transportation options for their commuters. Liftango’s climate-positive carpool and Demand Responsive Transport (DRT) solutions deliver customized commuter mobility strategies that are exclusive, user-friendly, and seamlessly integrated with Commutifi’s data-driven commuter benefits programs. This partnership between Commutifi and Liftango unlocks a complete solution that empowers employers to design a holistic TDM strategy that reduces emissions, solves parking capacity challenges, and improves corporate sustainability.
“With this legislation Colorado has set the conditions to take a truly meaningful step towards changing commuting behaviors across the state. TDM works when legislation, data and technology come together to drive behavioral change. We are excited about partnering with Commutifi to support the businesses of Colorado to maximize the human and environmental benefits of the Alternative Transportation Options Tax Credit.” Says Jacob Greig, CCO of Liftango.
Powered by Commutifi’s data-powered commuter platform, this new product provides a simple, five-step approach for companies who are looking to apply and maximize the tax credit. This product streamlines the entire process by offering a full analysis of companies’ commuter programs and goals:
1. Calculate their savings potential
2. Meet State requirements
3. Create improved TDM programs
4. Submit TDM plan to State
5. Gather all commute documents and finalize their application
"The new tax credit once again shows that Colorado is a leader in alternative transportation. By assisting businesses across the state in creating the best commuting options possible, the State is prioritizing employee happiness and retention while reducing overall commuter emissions. We're excited to be working alongside Liftango on a solution to support employers in Colorado by streamlining the entire process of claiming the credit and optimizing their employee commuter solutions.” Says Andy Keeton, Head of Insights at Commutifi.
The solution is available now as a stand-alone product for companies eligible for the Colorado tax credit. Contact hello@commutifi.com for more information.
About Liftango
We help cities, communities and organizations reduce congestion and combat climate change by providing equitable access to shared transport through a carpool and on-demand transport technology platform. This technology makes the best use of vehicle capacity whilst giving passengers the freedom to control how they want to travel.
Together, we help:
We believe access to transportation is a fundamental right for people in modern society. Our technology provides convenient, efficient, and sustainable transportation for people who need it the most.
For more information, visit liftango.com **** or contact us at marketing@liftango.com
About Commutifi
Commutifi is the world’s most trusted data-powered commuter platform for businesses, commercial real estate, cities, and individuals. Their patented Commuter Score provides a standardized methodology to compare commutes and identify the best option for each individual according to time, cost, and carbon. Transportation managers can easily plan, measure, monitor, manage, report, and predict commuter behavior through the complex information they collect about each commuter. Commutifi customers include the City of Boulder, CDPHE, and Fortune 500 Companies.
To learn more, visit commutifi.com.
Media Contact:
Name: Shahed Abotouk
Email: press@commutifi.com
Title: Marketing Coordinator
Phone: 720-242-6358 x 205