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Acceptance of Payroll Deduction for
Permit ONLY
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Payroll deduction will be available up to
12:01 AM, Sep. 15, 2008 for all faculty and staff listed on
payroll at the time the permit is requested. If you are a new
hire or part-time instructor you college may not have submitted
your paper. Please contact the respective college office
for a temporary permit
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The last scheduled delivery of
parking permits to campus mailstops is scheduled for August 28,
2008, Thursday. After this date you MUST pick up your
web-ordered permit at the Campus Community Support Services
office or pay cash/check at the cashier's counter in Rocket
Hall.
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Parking permits are available throughout the
year from the Cashier's Office, Rocket Hall. Cash & check ONLY.
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PERMITS REPORTED AS "LOST IN THE MAIL" will be replaced free of
charge for a limited time if verification of the original
request can be made. Bring your printed webpage receipt to the
Parking Services Office.
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Parking Services will not be held responsible for citations and
fines you may receive for failure to purchase or display your
UT parking permit.
Submitting the completed web
application form
acknowledges that you have read and understand the terms and
conditions of this payroll deduction process as listed below.
Please read the following:
Effective August 1st, 2002, The University of Toledo has
implemented this Qualified Parking Plan(1)
for the benefit of its employees, a plan providing
"qualified transportation benefits" which are excludable
from gross income under Section 132(f)(2)(B) as
"qualified transportation fringe benefits." By applying
for "Parking Permit by Payroll Deduction" you may reduce
your salary through those payroll deductions to pay for
monthly parking on a pre-tax basis. The annual total(2)
of those payroll deductions will not be included in
your income for employment or tax purposes.
(1 ) Qualified parking is parking provided on or near
the business premises that is not used by the employee
for residential purposes.
(2) There
is a monthly limitation amount that is reviewed annually
by the IRS and is subject to change. (For Tax Year 2003
this amount is $190.00 per month.)
EFFECTIVE BEGINNING JANUARY 1, 2006, per HRS memo/fax of
12/30/2005 (received and posted 1/6/2006) the monthly
parking limitation has been increased from $200.00 to
$205.00.
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