To amend the Internal Revenue Code of 1986 to increase the amount of employer-provided transit passes excludable from income and require a cash-out option to excludable parking fringe benefits, and for other purposes.
Commuter Choice Act - Amends the Internal Revenue Code to increase the limits on the value of certain employer-provided commuting benefits that are excluded from gross income. Allows the exclusion only if the employer offers an employee the option of a cash payment in lieu of the benefit. Modifies the inflation adjustment requirements, including starting the adjustments after 2002 (currently, after 1993).
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E340)
Referred to the House Committee on Ways and Means.
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