H.R. 6660 · 118th Congress
Parking Cash-Out Act of 2023
- Stage
- In committee
- Sponsor
- Earl Blumenauer
- Introduced
- 2023-12-07
- Latest action
- 2023-12-07 · Introduced in House
Summary
Parking Cash-Out Act of 2023
This bill denies a tax exclusion for qualified parking fringe benefits unless employers providing such benefits offer their employees the option to receive, in lieu of the parking benefit, the fair market value of the parking (e.g., an equivalent cash benefit or alternative tax-exempt fringe benefit).