HR 1680
112th CONGRESS
1st Session
H. R. 1680
To amend the Internal Revenue Code of 1986 to provide commuter flexible
spending arrangements.
IN THE HOUSE OF REPRESENTATIVES
May 2, 2011
Mr. WEINER introduced the following bill; which was referred to the Committee
on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to provide commuter flexible
spending arrangements.
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 `Transportation Flexible Savings Accounts Act
of 2011'.
SEC. 2. TRANSPORTATION FLEXIBLE SPENDING ARRANGEMENTS.
(a) In General- Section 125 of the Internal Revenue Code of 1986 (relating
to cafeteria plans) is amended by redesignating subsections (k) and (l) as
subsections (l) and (m), respectively, and by inserting after subsection (j)
the following new subsection:
`(k) Transportation Flexible Spending Arrangement-
`(1) IN GENERAL- Notwithstanding subsection (f), qualified transportation
fringe shall be treated as a qualified benefit for purposes of this section
to the extent provided under a flexible spending arrangement (as defined
in section 106(c)).
`(2) QUALIFIED TRANSPORTATION FRINGE- For purposes of this subsection, the
term `qualified transportation fringe' has the meaning given such term by
section 132(f), except that paragraph (2)(B) thereof shall be applied by
substituting `$100' for `$175'.'.
(b) Modification of Regulations- The Secretary of the Treasury shall make
such modifications to Treasury Regulations under section 125 of the Internal
Revenue Code of 1986 as may be necessary to allow qualified transportation
fringe (as defined in section 125(k) of such Code) to be offered through a
flexible spending arrangement in a cafeteria plan.
(c) Effective Date- The amendment made by this section shall apply to taxable
years beginning after the date of the enactment of this Act.
END
