HR 6173
114th Congress
House
Taxation
Transit Tax Credit Act of 2016
Introduced: September 26, 2016
Introduced by:
Watson Coleman, Bonnie
Democratic
· New Jersey
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 26, 2016
Referred to the House Committee on Ways and Means.
Sep 26, 2016
Introduced in House
Plain-English summary
Transit Tax Credit Act of 2016
This bill amends the Internal Revenue Code to allow a refundable tax credit for commuting mass transit costs. The credit is equal to 15% of the amount paid or incurred by the taxpayer during the year for a transit pass that the taxpayer, the taxpayer's spouse, or a dependent uses for travel between the residence and place of employment of the taxpayer, spouse, or dependent. The credit allowed for transit passes for any individual may not exceed $460 per year (adjusted for inflation after 2017).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1