[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1713 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 1713

  To amend the Internal Revenue Code of 1986 to allow an employee to 
   elect to receive taxable cash compensation in lieu of nontaxable 
               parking benefits, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 22, 1997

 Mr. Bilbray 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 allow an employee to 
   elect to receive taxable cash compensation in lieu of nontaxable 
               parking benefits, and for other purposes.

    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 Conservation and Employee 
Flexibility Act of 1997''.

SEC. 2. ELECTION TO RECEIVE TAXABLE CASH COMPENSATION IN LIEU OF 
              NONTAXABLE PARKING BENEFITS.

    (a) In General.--Section 132(f)(4) of the Internal Revenue Code of 
1986 (relating to benefits not in lieu of compensation) is amended by 
adding at the end the following new sentence: ``This paragraph shall 
not apply to any qualified parking provided in lieu of compensation 
which otherwise would have been includible in gross income of the 
employee.''
    (b) Effective Date.--The amendment made by this section shall apply 
to qualified parking provided after December 31, 1997.
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