Supporting Transit Commutes Act

Summary

Supporting Transit Commutes Act  This bill provides employers a tax deduction for certain transportation fringe benefits given to employees. Under the bill, employers may deduct costs for providing employees transportation in a commuter highway vehicle (e.g., van pool) between the employee’s home and place of work or a transit pass. The amount of the deduction cannot exceed the aggregate exclusion amount for such fringe benefits ($325 per month per employee in 2025 and adjusted annually). Further, under the bill, the deduction cannot exceed 50% of such amount for transportation fringe benefits provided under a salary reduction agreement.

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2 official files

• Introduced in House

  Introduced in House · EN · 15 January 2025

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 15 January 2025

  Open at official source

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