[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2412 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 2412

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              July 6, 2011

Mr. McGovern (for himself, Mr. Ruppersberger, Mrs. Capps, Mr. Connolly 
of Virginia, Mr. Grijalva, Mr. Moran, Ms. Richardson, Mr. Capuano, Mr. 
Farr, Mr. Rothman of New Jersey, Mr. Nadler, Mr. Hinchey, Ms. Schwartz, 
  Mr. Blumenauer, Mr. Davis of Illinois, Mr. Crowley, Mr. Sires, Mr. 
   Kucinich, Mr. Serrano, Mr. Olver, Mr. Sarbanes, Ms. Tsongas, Ms. 
   Hirono, and Mr. Quigley) 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 equalize the exclusion 
from gross income of parking and transportation fringe benefits and to 
            provide for a common cost-of-living adjustment.

    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 
2011''.

SEC. 2. 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 
        ``$230'', and
            (2) by striking ``$175'' in subparagraph (B) and inserting 
        ``$230''.
    (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 ``2012'', and
            (3) by striking ``1998'' and inserting ``2011''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2011.
                                 <all>