Source: http://codes.findlaw.com/us/title-26-internal-revenue-code/26-usc-sect-132.html
Timestamp: 2017-11-21 00:29:53
Document Index: 196376997

Matched Legal Cases: ['§ 132', '§ 132', '§ 132', '§\u2002132', '§ 132', '§\u2002132']

26 U.S.C. § 132 - U.S. Code Title 26. Internal Revenue Code § 132 | FindLaw
26 U.S.C. § 132 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 132. Certain fringe benefits
Exclusion from gross income.--Gross income shall not include any fringe benefit which qualifies as a--
No-additional-cost service defined.--For purposes of this section, the term “no-additional-cost service” means any service provided by an employer to an employee for use by such employee if--
Qualified employee discount defined.--For purposes of this section--
Qualified employee discount.--The term “qualified employee discount” means any employee discount with respect to qualified property or services to the extent such discount does not exceed--
Gross profit percentage.--
In general.--The term “gross profit percentage” means the percent which--
Determination of gross profit percentage.--Gross profit percentage shall be determined on the basis of--
Employee discount defined.--The term “employee discount” means the amount by which--
the price at which the property or services are provided by the employer to an employee for use by such employee, is less than--
Qualified property or services.--The term “qualified property or services” means any property (other than real property and other than personal property of a kind held for investment) or services which are offered for sale to customers in the ordinary course of the line of business of the employer in which the employee is peforming [FN1] services.
Working condition fringe defined.--For purposes of this section, the term “working condition fringe” means any property or services provided to an employee of the employer to the extent that, if the employee paid for such property or services, such payment would be allowable as a deduction under section 162 or 167 .
De minimis fringe defined.--For purposes of this section--
In general.--The term “de minimis fringe” means any property or service the value of which is (after taking into account the frequency with which similar fringes are provided by the employer to the employer's employees) so small as to make accounting for it unreasonable or administratively impracticable.
Treatment of certain eating facilities.--The operation by an employer of any eating facility for employees shall be treated as a de minimis fringe if--
Qualified transportation fringe.--
In general.--For purposes of this section, the term “qualified transportation fringe” means any of the following provided by an employer to an employee:
Limitation on exclusion.--The amount of the fringe benefits which are provided by an employer to any employee and which may be excluded from gross income under subsection (a)(5) shall not exceed--
Cash reimbursements.--For purposes of this subsection, the term “qualified transportation fringe” includes a cash reimbursement by an employer to an employee for a benefit described in paragraph (1). The preceding sentence shall apply to a cash reimbursement for any transit pass only if a voucher or similar item which may be exchanged only for a transit pass is not readily available for direct distribution by the employer to the employee.
No constructive receipt.--No amount shall be included in the gross income of an employee solely because the employee may choose between any qualified transportation fringe (other than a qualified bicycle commuting reimbursement) and compensation which would otherwise be includible in gross income of such employee.
Transit pass.--The term “transit pass” means any pass, token, farecard, voucher, or similar item entitling a person to transportation (or transportation at a reduced price) if such transportation is--
Commuter highway vehicle.--The term “commuter highway vehicle” means any highway vehicle--
at least 80 percent of the mileage use of which can reasonably be expected to be--
Qualified parking.--The term “qualified parking” means parking provided to an employee on or near the business premises of the employer or on or near a location from which the employee commutes to work by transportation described in subparagraph (A), in a commuter highway vehicle, or by carpool. Such term shall not include any parking on or near property used by the employee for residential purposes.
Transportation provided by employer.--Transportation referred to in paragraph (1)(A) shall be considered to be provided by an employer if such transportation is furnished in a commuter highway vehicle operated by or for the employer.
Employee.--For purposes of this subsection, the term “employee” does not include an individual who is an employee within the meaning of section 401(c)(1) .
Definitions related to bicycle commuting reimbursement.--
Qualified bicycle commuting reimbursement.--The term “qualified bicycle commuting reimbursement” means, with respect to any calendar year, any employer reimbursement during the 15-month period beginning with the first day of such calendar year for reasonable expenses incurred by the employee during such calendar year for the purchase of a bicycle and bicycle improvements, repair, and storage, if such bicycle is regularly used for travel between the employee's residence and place of employment.
Applicable annual limitation.--The term “applicable annual limitation” means, with respect to any employee for any calendar year, the product of $20 multiplied by the number of qualified bicycle commuting months during such year.
Qualified bicycle commuting month.--The term “qualified bicycle commuting month” means, with respect to any employee, any month during which such employee--
Inflation adjustment.--
In general.--In the case of any taxable year beginning in a calendar year after 1999, the dollar amounts contained in subparagraphs (A) and (B) of paragraph (2) shall be increased by an amount equal to--
Rounding.--If any increase determined under subparagraph (A) is not a multiple of $5, such increase shall be rounded to the next lowest multiple of $5.
Coordination with other provisions.--For purposes of this section, the terms “working condition fringe” and “de minimis fringe” shall not include any qualified transportation fringe (determined without regard to paragraph (2).
Qualified moving expense reimbursement.--For purposes of this section, the term “qualified moving expense reimbursement” means any amount received (directly or indirectly) by an individual from an employer as a payment for (or a reimbursement of) expenses which would be deductible as moving expenses under section 217 if directly paid or incurred by the individual. Such term shall not include any payment for (or reimbursement of) an expense actually deducted by the individual in a prior taxable year.
Certain individuals treated as employees for purposes of subsections (a)(1) and (2).--For purposes of paragraphs (1) and (2) of subsection (a)--
Retired and disabled employees and surviving spouse of employee treated as employee.--With respect to a line of business of an employer, the term “employee” includes--
Spouse and dependent children.--
In general.--Any use by the spouse or a dependent child of the employee shall be treated as use by the employee.
Dependent child.--For purposes of subparagraph (A), the term “dependent child” means any child (as defined in section 152(f)(1) ) of the employee--
both of whose parents are deceased and who has not attained age 25
Special rule for parents in the case of air transportation.--Any use of air transportation by a parent of an employee (determined without regard to paragraph (1)(B)) shall be treated as use by the employee.
Reciprocal agreements.--For purposes of paragraph (1) of subsection (a), any service provided by an employer to an employee of another employer shall be treated as provided by the employer of such employee if--
Exclusions under subsection (a)(1) and (2) apply to highly compensated employees only if no discrimination.--Paragraphs (1) and (2) of subsection (a) shall apply with respect to any fringe benefit described therein provided with respect to any highly compensated employee only if such fringe benefit is available on substantially the same terms to each member of a group of employees which is defined under a reasonable classification set up by the employer which does not discriminate in favor of highly compensated employees.
Special rule for leased sections of department stores.--
In general.--For purposes of paragraph (2) of subsection (a), in the case of a leased section of a department store--
Leased section of department store.--For purposes of subparagraph (A), a leased section of a department store is any part of a department store where over-the-counter sales of property are made under a lease or similar arrangement where it appears to the general public that individuals making such sales are employed by the person operating the department store.
Auto salesmen.--
In general.--For purposes of subsection (a)(3), qualified automobile demonstration use shall be treated as a working condition fringe.
Qualified automobile demonstration use.--For purposes of subparagraph (A), the term “qualified automobile demonstration use” means any use of an automobile by a full-time automobile salesman in the sales area in which the automobile dealer's sales office is located if--
On-premises gyms and other athletic facilities.--
In general.--Gross income shall not include the value of any on-premises athletic facility provided by an employer to his employees.
On-premises athletic facility.--For purposes of this paragraph, the term “on-premises athletic facility” means any gym or other athletic facility--
Special rule for affiliates of airlines.--
Qualified affiliate.--For purposes of this paragraph, the term “qualified affiliate” means any corporation which is predominantly engaged in airline-related services.
Airline-related services.--For purposes of this paragraph, the term “airline-related services” means any of the following services provided in connection with air transportation:
Affiliated group.--For purposes of this paragraph, the term “affiliated group” has the meaning given such term by section 1504(a) .
Highly compensated employee.--For purposes of this section, the term “highly compensated employee” has the meaning given such term by section 414(q) .
Air cargo.--For purposes of subsection (b), the transportation of cargo by air and the transportation of passengers by air shall be treated as the same service.
Application of section to otherwise taxable educational or training benefits.--Amounts paid or expenses incurred by the employer for education or training provided to the employee which are not excludable from gross income under section 127 shall be excluded from gross income under this section if (and only if) such amounts or expenses are a working condition fringe.
Customers not to include employees.--For purposes of this section (other than subsection (c)(2), the term “customers” shall only include customers who are not employees.
Section not to apply to fringe benefits expressly provided for elsewhere.--This section (other than subsections (e) and (g)) shall not apply to any fringe benefits of a type the tax treatment of which is expressly provided for in any other section of this chapter.
Qualified retirement planning services.--
In general.--For purposes of this section, the term “qualified retirement planning services” means any retirement planning advice or information provided to an employee and his spouse by an employer maintaining a qualified employer plan.
Nondiscrimination rule.--Subsection (a)(7) shall apply in the case of highly compensated employees only if such services are available on substantially the same terms to each member of the group of employees normally provided education and information regarding the employer's qualified employer plan.
Qualified employer plan.--For purposes of this subsection, the term “qualified employer plan” means a plan, contract, pension, or account described in section 219(g)(5) .
Qualified military base realignment and closure fringe.--For purposes of this section--
In general.--The term “qualified military base realignment and closure fringe” means 1 or more payments under the authority of section 1013 of the Demonstration Cities and Metropolitan Development Act of 1966 ( 42 U.S.C. 3374 ) (as in effect on the date of the enactment of the American Recovery and Reinvestment Tax Act of 2009).
Limitation.--With respect to any property, such term shall not include any payment referred to in paragraph (1) to the extent that the sum of all of such payments related to such property exceeds the maximum amount described in subsection (c) of such section (as in effect on such date).
Regulations.--The Secretary shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of this section.
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