This bill proposes to amend the Internal Revenue Code of 1986, primarily by allowing employers to deduct certain transportation fringe benefits . This legislation aims to reverse a previous change that disallowed such deductions, thereby encouraging employers to provide these benefits to their employees. It introduces a new exception to section 274(l) of the Code, permitting deductions for qualified transportation fringes , specifically transit passes and qualified parking, up to the existing statutory limits. A key provision states that if these benefits are offered under a salary reduction agreement , the deduction allowed to the employer will be reduced to 50% of the benefit's value. These amendments will apply to amounts paid or incurred in taxable years ending after the date of enactment.