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H.R.1825 - Commuter Relief Act
To amend the Internal Revenue Code of 1986 to improve commuting and transportation options.
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Mr. BLUMENAUER (for himself, Mrs. CAPPS, Mr. CONNOLLY of Virginia, Mr. FILNER, Ms. HIRONO, Mr. KUCINICH, Mr. MCGOVERN, Mr. GEORGE MILLER of California, Mr. MORAN, Mr. SIRES, Mr. POLIS, and Mr. RANGEL) introduced the following bill; which was referred to the Committee on Ways and MeansCommentsClose CommentsPermalink
SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
SEC. 2. INCREASED UNIFORM DOLLAR LIMITATION FOR ALL TYPES OF TRANSPORTATION FRINGE BENEFITS.
(b) Inflation Adjustment Conforming Amendments- Subparagraph (A) of section 132(f)(6) of the Internal Revenue Code of 1986 (relating to inflation adjustment) is amended--CommentsClose CommentsPermalink
SEC. 3. ELIGIBILITY OF SELF-EMPLOYED INDIVIDUALS TO RECEIVE TRANSIT FRINGE BENEFITS.
‘(ii) Self-Employed Individuals Eligible for Transit Pass Fringe Benefit- For purposes of paragraph (1)(B), such term includes an individual who is an employee within the meaning of section 401(c)(1).’.CommentsClose CommentsPermalink
SEC. 4. PARKING CASH-OUT PROGRAMS.
(2) by adding at the end of clause (i), as amended by paragraph (1), the following: ‘Such term shall not include any parking with respect to any specified employer unless such employer establishes a parking cash-out program.’, andCommentsClose CommentsPermalink
‘(I) the employer offers employees a cash allowance equal to the regular amount paid by the employer for parking for a single employee under clause (i) in lieu of the parking referred to in clause (i), andCommentsClose CommentsPermalink
‘(II) any employee electing the cash allowance shall certify to the employer that the employee will comply with guidelines established by the employer to avoid neighborhood parking problems and violation of such guidelines are enforced by the employer by termination of eligibility of such employee for such cash allowance and employer sponsored parking.’.CommentsClose CommentsPermalink
SEC. 5. VANPOOL INVESTMENT CREDIT.
‘SEC. 45S. QUALIFYING VANPOOL INVESTMENT CREDIT.
‘(a) General Rule- For purposes of section 38, the qualifying vanpool investment credit for any taxable year is an amount equal to 10 percent of the basis of a qualified commuter van placed in service by the taxpayer during the taxable year.CommentsClose CommentsPermalink
‘(1) IN GENERAL- In the case of an employer who enters into a lease with an unrelated person for the provision of transportation described in section 132(f)(1)(A) and who makes an election under this subsection for a taxable year (in such form and manner as the Secretary may by regulation prescribe), in lieu of the amount determined under subsection (a), the qualifying vanpool investment credit with respect to the taxpayer for the taxable year shall be an amount equal to 10 percent of the amounts paid or incurred by the employer for the taxable year pursuant to such lease for the provision of such transportation.CommentsClose CommentsPermalink
‘(2) RELATED PERSONS- All persons treated as a single employer under subsection (a) or (b) of section 52 shall be treated as related persons for purposes of this subsection.CommentsClose CommentsPermalink
‘(d) Basis Reduction- For purposes of this subtitle, the basis of any property for which a credit is allowable under subsection (a) shall be reduced by the amount of such credit.’.CommentsClose CommentsPermalink
(b) Credit Treated as Part of General Business Credit- Section 38(b) of such Code is amended by striking ‘plus’ at the end of paragraph (35), by striking the period at the end of paragraph (36) and inserting ‘, plus’, and by adding at the end of following new paragraph:CommentsClose CommentsPermalink
(c) Conforming Amendment- Subsection (a) of section 1016 of such Code is amended by striking ‘and’ at the end of paragraph (36), by striking the period at the end of paragraph (37) and inserting ‘, and’, and by adding at the end the following new paragraph:CommentsClose CommentsPermalink
SEC. 6. EMPLOYEES MAY RECEIVE TRANSIT PASSES AND REIMBURSEMENT OF BICYCLE COMMUTING EXPENSES AS EXCLUDABLE FRINGE BENEFITS FOR THE SAME MONTH.
(b) Limitation- Subparagraph (A) of section 132(f)(2) of such Code (relating to limitation on exclusions) is amended by striking ‘and (B)’ and inserting ‘, (B), and (D)’.CommentsClose CommentsPermalink
(c) Repeal of Constructive Receipt Treatment of Bicycle Commuting Reimbursements- Paragraph (4) of section 132(f) of such Code is amended by striking ‘(other than a qualified bicycle commuting reimbursement)’.CommentsClose CommentsPermalink