A bill to amend the Internal Revenue Code of 1954 to provide that transportation may be excluded from gross income as a no-additional-cost fringe benefit without regard to whether such service is offered for sale to customers, and for other purposes.

Amends the Internal Revenue Code to provide that transportation may be excluded from gross income as a no-additional-cost fringe benefit without regard to whether such service is offered for sale to customers. (Current law excludes employer-provided transportation only if such service is offered for sale to customers in the ordinary course of business.)

Sets forth special rules for the valuation of employer-provided transportation only if such service is offered for sale to customers in the ordinary course of business.

Sets forth special rules for the valuation of employer-provided transportation if the value of a flight on an employer-provided aircraft is includible in the gross income of the employees.