[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 2083 Introduced in Senate (IS)]







106th CONGRESS
  2d Session
                                S. 2083

To amend the Internal Revenue Code of 1986 to provide a uniform dollar 
 limitation for all types of transportation fringe benefits excludable 
               from gross income, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 22, 2000

   Mr. Robb (for himself, Mr. Moynihan, Mr. L. Chafee, Mr. Dodd, Mr. 
 Kerry, Mr. Lautenberg, Mr. Lieberman, Ms. Mikulski, Mr. Sarbanes, Mr. 
Schumer, and Mr. Warner) introduced the following bill; which was read 
             twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to provide a uniform dollar 
 limitation for all types of transportation fringe benefits excludable 
               from gross income, 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 Benefits Equity Act of 
2000''.

SEC. 2. UNIFORM DOLLAR LIMITATION FOR ALL TYPES OF TRANSPORTATION 
              FRINGE BENEFITS.

    (a) In General.--Subparagraph (A) of section 132(f)(2) of the 
Internal Revenue Code of 1986 (relating to limitation on exclusion) is 
amended by striking ``$65'' and inserting ``$175''.
    (b) Conforming Amendment.--Section 9010 of the Transportation 
Equity Act for the 21st Century is amended by striking subsection (c).
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 1999.

SEC. 3. CASH PAYMENT TO FEDERAL EMPLOYEES FOR PARKING SPACES.

    Section 7905 of title 5, United States Code, is amended--
            (1) in subsection (a)--
                    (A) in paragraph (2)(C) by inserting ``and'' after 
                the semicolon;
                    (B) in paragraph (3) by striking ``; and'' and 
                inserting a period; and
                    (C) by striking paragraph (4); and
            (2) in subsection (b)(2)--
                    (A) by amending subparagraph (A) to read as 
                follows:
                    ``(A) a qualified transportation fringe as defined 
                in section 132(f)(1) of the Internal Revenue Code of 
                1986;'';
                    (B) in subparagraph (B) by striking ``and'' after 
                the semicolon;
                    (C) in subparagraph (C) by striking the period and 
                inserting a semicolon and ``and''; and
                    (D) by adding at the end the following:
                    ``(D) taxable cash payment to an employee in lieu 
                of an agency-provided parking space.''.
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