A bill to amend the Internal Revenue Code of 1986 to exclude from gross income the value of certain transportation furnished by an employer.

Amends the Internal Revenue Code to permit the exclusion from an employee's gross income of the following qualified employer-provided transportation benefits: (1) the value of transportation in a commuter highway vehicle between the employee's residence and place of employment; and (2) up to $45 per month of the value of any transit pass entitling the employee to transportation on mass transit facilities.