To amend the Internal Revenue Code of 1986 to stipulate that a parking benefit is not a qualified parking fringe benefit unless an employer offers employees the option to receive an equivalent cash benefit or alternative tax-exempt benefit in lieu of the parking benefit.

Summary

This bill denies a tax exclusion for qualified parking fringe benefits unless employers providing such benefits offer their employees the option to receive, in lieu of the parking benefit, the fair market value of the parking (e.g., an equivalent cash benefit or alternative tax-exempt fringe benefit).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 28 July 2022

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 28 July 2022

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 July 2022

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 28 July 2022 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 July 2022

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 July 2022

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 28 July 2022

  Open at official source

Sponsors

• Earl Blumenauer · D · Sponsor
• · hswm00 · Standing

Related records

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