[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 318 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 318

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.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 31, 2001

 Mr. McGovern (for himself, Mr. Shays, and Mr. Borski) introduced the 
following bill; which was referred to the Committee on Ways and Means   


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                                 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.

    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 Benefit Equity Act of 
2001''.

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, 2001.
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