H.R. 9464 · 118th Congress
Supporting Transit Commutes Act
- Stage
- In committee
- Sponsor
- Jake Auchincloss
- Introduced
- 2024-09-06
- Latest action
- 2024-09-06 · Introduced in House
Summary
Supporting Transit Commutes Act
This bill allows employers a tax deduction for certain transportation fringe benefits (e.g., commuter and parking costs, bicycle reimbursements) paid to their employees. It also gives employers a 50% tax deduction for the amount of benefits withheld from their employees' wages.