HR 9464
118th Congress
House
Taxation
Commuting
Employee benefits and pensions
Income tax deductions
Transportation costs
Supporting Transit Commutes Act
Introduced: September 6, 2024
Introduced by:
Auchincloss, Jake
Democratic
· Massachusetts
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 6, 2024
Referred to the House Committee on Ways and Means.
Sep 6, 2024
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1