To amend the Internal Revenue Code of 1986 to equalize the exclusion from gross income of parking and transportation fringe benefits and to provide for a common cost-of-living adjustment, and for other purposes.

Amends the Internal Revenue Code to equalize and increase to $245, with a cost-of-living adjustment to such increased amount after 2013, the tax exclusion for both transportation and parking fringe benefits.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3739 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 3739

 To amend the Internal Revenue Code of 1986 to equalize the exclusion 
from gross income of parking and transportation fringe benefits and to 
provide for a common cost-of-living adjustment, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 12, 2013

 Ms. Edwards introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to equalize the exclusion 
from gross income of parking and transportation fringe benefits and to 
provide for a common cost-of-living adjustment, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. UNIFORM DOLLAR LIMITATION FOR ALL TYPES OF TRANSPORTATION 
              FRINGE BENEFITS.

    (a) In General.--Section 132(f)(2) of the Internal Revenue Code of 
1986 is amended--
            (1) by striking ``$100'' in subparagraph (A) and inserting 
        ``$245'',
            (2) by striking ``$175'' in subparagraph (B) and inserting 
        ``$245'', and
            (3) by striking the last sentence.
    (b) Inflation Adjustment Conforming Amendments.--Subparagraph (A) 
of section 132(f)(6) of the Internal Revenue Code of 1986 is amended--
            (1) by striking the last sentence,
            (2) by striking ``1999'' and inserting ``2013'', and
            (3) by striking ``1998'' and inserting ``2012''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2013.
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