Supporting Transit Commutes Act

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9464 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 9464

To amend the Internal Revenue Code of 1986 to allow employers to deduct 
                certain transportation fringe benefits.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 6, 2024

  Mr. Auchincloss (for himself, Mr. Molinaro, Mr. Blumenauer, and Mr. 
  McGovern) introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to allow employers to deduct 
                certain transportation fringe benefits.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Supporting Transit Commutes Act''.

SEC. 2. DEDUCTION ALLOWED FOR CERTAIN TRANSPORTATION FRINGE BENEFITS 
              PROVIDED BY EMPLOYERS.

    (a) In General.--Section 274(l) of the Internal Revenue Code of 
1986 is amended by redesignating paragraph (2) as paragraph (3) and 
inserting after paragraph (1) the following new paragraph:
            ``(2) Exception for certain transportation fringe 
        benefits.--
                    ``(A) In general.--Paragraph (1) shall not apply to 
                so much of any qualified transportation fringe 
                described in subparagraph (A) or (B) of section 
                132(f)(1) as does not exceed the limitation described 
                in section 132(f)(2)(A).
                    ``(B) Reduced deduction in case of benefits 
                provided under salary reduction agreements.--In the 
                case of any qualified transportation fringe with 
                respect to which the employee may elect between 
                receiving such fringe and receiving an amount directly 
                in cash, subparagraph (A) shall be applied by 
                substituting `50 percent of so much' for `so much'.''.
    (b) Conforming Amendment.--Section 274(l)(3) of such Code, as 
redesignated by subsection (a), is amended--
            (1) by striking ``this subsection'' and inserting 
        ``paragraph (1)'', and
            (2) by inserting ``for qualified bicycle commuting 
        reimbursement'' after ``Exception'' in the heading thereof.
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after the date of the enactment of 
this Act, in taxable years ending after such date.
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