Transit Tax Parity Act of 2015

H.R. 1046 · 114th Congress · Feb 24, 2015 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to make permanent the rule providing parity for the exclusion from income for employer-provided mass transit and parking benefits.

Section 1 Short title

This Act may be cited as the “Transit Tax Parity Act of 2015”.

Sec. 2 Parity for exclusion from income for employer-provided mass transit and parking benefits made permanent

(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 “$175”, and

(2)

by striking the last sentence.

(b)

Effective date— The amendments made by this section shall apply to months beginning after December 31, 2014.

Transit Tax Parity Act of 2015

Section 1 Short title

Sec. 2 Parity for exclusion from income for employer-provided mass transit and parking benefits made permanent

Cite this provision

Incoming references