Pipeline · Bill → Law
Step 1
Introduced
Sep 6, 2024
Step 2
Referred
Sep 6, 2024
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill allows employers a tax deduction for certain transportation fringe benefits (e.g., commuter and parking costs, bicycle reimbursements) paid to their employees. It also gives employers a 50% tax deduction for the amount of benefits withheld from their employees' wages.
Timeline · 2 actions
Sep 6, 2024
Introduced in House
Sep 6, 2024
Referred to the House Committee on Ways and Means.