HR 409 · Supporting Transit Commutes Act
Referred to the House Committee on Ways and Means.
- Introduced
- Jan 15, 2025
- Latest action
- Jan 15, 2025
- Sponsor
- Rep. Jake Auchincloss [D-MA-4]
- Policy area
- Taxation
- Cosponsors
- 8
Summary
Supporting Transit Commutes Act This bill provides employers a tax deduction for certain transportation fringe benefits given to employees. Under the bill, employers may deduct costs for providing employees transportation in a commuter highway vehicle (e.g., van pool) between the employee’s home and place of work or a transit pass. The amount of the deduction cannot exceed the aggregate exclusion amount for such fringe benefits ($325 per month per employee in 2025 and adjusted annually). Further, under the bill, the deduction cannot exceed 50% of such amount for transportation fringe benefits provided under a salary reduction agreement.
Recent actions
- Jan 15, 2025 Referred to the House Committee on Ways and Means.
- Jan 15, 2025 Introduced in House
- Jan 15, 2025 Introduced in House
Votes
No recorded votes are available for this bill.