[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6066 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 6066

To amend the Internal Revenue Code of 1986 to extend the parity between 
   the exclusion from income for employer-provided mass transit and 
                           parking benefits.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 29, 2012

    Ms. Hayworth (for herself, Mr. Dold, and Mr. King of New York) 
 introduced the following bill; which was referred to the Committee on 
    Ways and Means, and in addition to the Committee on Energy and 
Commerce, 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 extend the parity between 
   the exclusion from income for employer-provided mass transit and 
                           parking benefits.

    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 Savings Act of 2012''.

SEC. 2. EXTENSION OF PARITY FOR EXCLUSION FROM INCOME FOR EMPLOYER-
              PROVIDED MASS TRANSIT AND PARKING BENEFITS.

    (a) In General.--Paragraph (2) of section 132(f) of the Internal 
Revenue Code of 1986 is amended by striking ``January 1, 2012'' and 
inserting ``January 1, 2014''.
    (b) Effective Date.--The amendments made by this section shall 
apply to months after December 31, 2011.

SEC. 3. REDUCTION IN APPROPRIATIONS TO PREVENTION AND PUBLIC HEALTH 
              FUND.

    The amounts appropriated to the Prevention and Public Health Fund 
established under section 4002 of the Patient Protection and Affordable 
Care Act shall be reduced by an amount equal to the amount estimated by 
the Secretary of the Treasury to be the reduction in revenues to the 
Federal Government by reason of the amendments made by section 1.
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