Referred to the House Committee on Ways and Means.
This bill amends Internal Revenue Code section 274(l) to allow employers to deduct certain qualified transportation fringe benefits up to the limit in section 132(f)(2)(A). For commuter benefits provided under salary-reduction agreements the deductible amount is reduced (text indicates a 50% adjustment).
Progressives emphasize climate and commuter equity benefits
Relative to its intended legislative type, this bill is a targeted amendment to the Internal Revenue Code to allow employers a deduction for certain transportation fringe benefits.
This bill amends Internal Revenue Code section 274(l) to allow employers to deduct certain qualified transportation fringe benefits up to the limit in section 132(f)(2)(A).
For commuter benefits provided under salary-reduction agreements the deductible amount is reduced (text indicates a 50% adjustment).
It also makes a conforming amendment related to bicycle commuting reimbursements and applies to taxable years ending after enactment.
Technically simple and low-profile, but creates an uncapped tax expenditure and may need offsets or packaging into larger legislation.
Relative to its intended legislative type, this bill is a targeted amendment to the Internal Revenue Code to allow employers a deduction for certain transportation fringe benefits. The amendment identifies specific code sections to change and sets an effective date, but contains drafting problems and omits fiscal and oversight detail.
Progressives emphasize climate and commuter equity benefits
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize climate and commuter equity benefits
Generally favorable as a targeted federal incentive to expand employer-supported transit and reduce car dependence.
Sees it as a modest climate and equity measure but notes it is a tax break to employers rather than a direct transit investment.
Views the bill as a modest, targeted incentive to encourage employer-provided commuting benefits.
Supportive of the goal but wants clarity on budgetary cost, administrative simplicity, and distributional effects.
Skeptical of a new employer tax deduction and further tax-code complexity.
Prefers market- or local-level solutions rather than another federal tax expenditure.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technically simple and low-profile, but creates an uncapped tax expenditure and may need offsets or packaging into larger legislation.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize climate and commuter equity benefits
Technically simple and low-profile, but creates an uncapped tax expenditure and may need offsets or packaging into larger legislation.
Relative to its intended legislative type, this bill is a targeted amendment to the Internal Revenue Code to allow employers a deduction for certain transportation fringe benefits. The amendment identifies specific code…
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