HR 318 IH
107th CONGRESS
1st Session
H. R. 318
To amend the Internal Revenue Code of 1986 to provide a uniform
dollar limitation for all types of transportation fringe benefits excludable
from gross income.
IN THE HOUSE OF REPRESENTATIVES
January 31, 2001
Mr. MCGOVERN (for himself, Mr. SHAYS, and Mr. BORSKI) 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 a uniform
dollar limitation for all types of transportation fringe benefits excludable
from gross income.
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 `Commuter Benefit Equity Act of 2001'.
SEC. 2. UNIFORM DOLLAR LIMITATION FOR ALL TYPES OF TRANSPORTATION FRINGE
BENEFITS.
(a) IN GENERAL- Subparagraph (A) of section 132(f)(2) of the Internal
Revenue Code of 1986 (relating to limitation on exclusion) is amended by
striking `$65' and inserting `$175'.
(b) CONFORMING AMENDMENT- Section 9010 of the Transportation Equity Act
for the 21st Century is amended by striking subsection (c).
(c) EFFECTIVE DATE- The amendments made by this section shall apply to
taxable years beginning after December 31, 2001.
END