[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1475 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 1475

To amend the Internal Revenue Code of 1986 to increase and equalize the 
   exclusion from gross income for parking and transportation fringe 
benefits and to provide for a common cost-of-living adjustment, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 12, 2007

 Mr. McGovern (for himself, Mrs. McCarthy of New York, Ms. Watson, Mr. 
Serrano, Mr. Moran of Virginia, Mr. Fossella, Mr. Capuano, Mr. Hinchey, 
Mr. Israel, Mr. Van Hollen, Mrs. Tauscher, Ms. DeLauro, Mr. Shays, Ms. 
  Kilpatrick, Ms. Schwartz, Mr. Farr, Mr. Frank of Massachusetts, Ms. 
Eddie Bernice Johnson of Texas, Ms. Matsui, Mr. McHugh, Mr. McDermott, 
Mrs. Maloney of New York, Mr. Hastings of Florida, Mr. Honda, Mr. Wynn, 
 Mr. Neal of Massachusetts, Mr. Engel, Mr. Delahunt, Mr. Kucinich, Mr. 
   Pallone, Mr. Gonzalez, Mr. Abercrombie, Mrs. Lowey, Mr. Holt, Mr. 
Weiner, Mr. Lynch, Mr. Meehan, Mr. Tierney, Mr. Olver, Mr. Markey, Mr. 
  Schiff, Mr. Patrick J. Murphy of Pennsylvania, Ms. Shea-Porter, Ms. 
 DeGette, and Mr. Blumenauer) introduced the following bill; which was 
  referred to the Committee on Ways and Means, and in addition to the 
   Committee on Oversight and Government Reform, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to increase and equalize the 
   exclusion from gross income for parking and transportation fringe 
benefits and to provide for a common cost-of-living adjustment, 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 
2007''.

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

    (a) In General.--Section 132(f)(2) of the Internal Revenue Code of 
1986 (relating to limitation on exclusion) is amended--
            (1) by striking ``$100'' in subparagraph (A) and inserting 
        ``$200'', and
            (2) by striking ``$175'' in subparagraph (B) and inserting 
        ``$200''.
    (b) Inflation Adjustment Conforming Amendments.--Subparagraph (A) 
of section 132(f)(6) of the Internal Revenue Code of 1986 (relating to 
inflation adjustment) is amended--
            (1) by striking the last sentence,
            (2) by striking ``1999'' and inserting ``2008'', and
            (3) by striking ``1998'' and inserting ``2007''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2006.

SEC. 3. CLARIFICATION OF FEDERAL EMPLOYEE BENEFITS.

    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;''.
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