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Supporting Transit Commutes Act

USA118th CongressHR-9464| House 
| Updated: 9/6/2024
Jake Auchincloss

Jake Auchincloss

Democratic Representative

Massachusetts

Cosponsors (4)
Marcus J. Molinaro (Republican)James P. McGovern (Democratic)Earl Blumenauer (Democratic)Michael Lawler (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Supporting Transit Commutes Act This bill allows employers a tax deduction for certain transportation fringe benefits (e.g., commuter and parking costs, bicycle reimbursements) paid to their employees. It also gives employers a 50% tax deduction for the amount of benefits withheld from their employees' wages.
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Timeline
Sep 6, 2024
Introduced in House
Sep 6, 2024
Referred to the House Committee on Ways and Means.
  • September 6, 2024
    Introduced in House


  • September 6, 2024
    Referred to the House Committee on Ways and Means.

Taxation

CommutingEmployee benefits and pensionsIncome tax deductionsTransportation costs

Supporting Transit Commutes Act

USA118th CongressHR-9464| House 
| Updated: 9/6/2024
Supporting Transit Commutes Act This bill allows employers a tax deduction for certain transportation fringe benefits (e.g., commuter and parking costs, bicycle reimbursements) paid to their employees. It also gives employers a 50% tax deduction for the amount of benefits withheld from their employees' wages.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 6, 2024
Introduced in House
Sep 6, 2024
Referred to the House Committee on Ways and Means.
  • September 6, 2024
    Introduced in House


  • September 6, 2024
    Referred to the House Committee on Ways and Means.
Jake Auchincloss

Jake Auchincloss

Democratic Representative

Massachusetts

Cosponsors (4)
Marcus J. Molinaro (Republican)James P. McGovern (Democratic)Earl Blumenauer (Democratic)Michael Lawler (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
CommutingEmployee benefits and pensionsIncome tax deductionsTransportation costs