[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1046 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 1046

 To amend the Internal Revenue Code of 1986 to make permanent the rule 
 providing parity for the exclusion from income for employer-provided 
                   mass transit and parking benefits.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 24, 2015

 Ms. Norton (for herself, Mr. Beyer, and Mr. Connolly) 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 make permanent the rule 
 providing parity for 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 ``Transit Tax Parity Act of 2015''.

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

    (a) In General.--Section 132(f)(2) of the Internal Revenue Code of 
1986 is amended--
            (1) by striking ``$100'' in subparagraph (A) and inserting 
        ``$175'', and
            (2) by striking the last sentence.
    (b) Effective Date.--The amendments made by this section shall 
apply to months beginning after December 31, 2014.
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