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

Bill: 113-s-1882
Sponsor: full_name: Sen. Schumer, Charles E. [D-NY]
Introduced: 2013-12-20
Policy area: Taxation
Subjects: Commuting

Employee benefits and pensions

Income tax exclusion

Public transit

Transportation costs
Latest action: action_date: 2013-12-20
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2013-12-20
action_desc: Introduced in Senate
text: <p>Amends the Internal Revenue Code to extend through 2014 the equalization of the exclusion from gross income for employer-provided mass transit and parking benefits. </p>

tv_txt: II 113th CONGRESS 1st Session S. 1882 IN THE SENATE OF THE UNITED STATES December 20, 2013 Mr. Schumer introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to extend parity for exclusion from income for employer-provided mass transit and parking benefits.

1. 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, 2014 and inserting January 1, 2015 . (b) Effective date The amendment made by this section shall apply to months after December 31, 2013.