A bill to provide equitable rules for the tax treatment of fringe benefits.
Fringe Benefits Tax Act of 1983 - Amends the Internal Revenue Code to exclude from gross income any fringe benefit which qualifies as a: (1) no-additional-cost service or discount property; (2) working condition fringe; or (3) de minimis fringe. Provides definitions and sets forth special rules for such tax exclusion.
Excludes from gross income reductions in tuition provided by an employer to employees, their spouses and dependent children.
Excludes from gross income the value of lodging furnished by certain educational institutions to employees, their spouses and dependent children.
Referred to House Committee on Ways and Means.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Committee on Finance requested executive comment from OMB, Treasury Department.
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