A bill to amend the Internal Revenue Code of 1986 to provide that employer subsidies for mass transit and van pooling be treated as working condition fringe benefits which are not included in gross income to the extent such subsidies do not exceed $60 per month and to increase the gas guzzlers tax.

Summary

Amends the Internal Revenue Code to include as a tax-excludible fringe benefit $60 per month of qualified employer-provided commuter services between an employee's residence and workplace. Includes as qualified services: (1) transportation furnished in a commuter highway vehicle (such as a van); and (2) transportation paid for or reimbursed by the employer on public buses, trains, or subways. Doubles the rate of the gas guzzler tax.

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Timeline

1. 2 February 1988

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 2 February 1988

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 2 February 1988

  Open at official source

Sponsors

• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• Sen. DeConcini, Dennis [D-AZ] · D · Sponsor
• Sen. Mikulski, Barbara A. [D-MD] · D · Sponsor
• Sen. Cranston, Alan [D-CA] · D · Sponsor
• Sen. Armstrong, William L. [R-CO] · R · Sponsor
• Sen. Weicker, Lowell P., Jr. [R-CT] · R · Sponsor
• Sen. Dodd, Christopher J. [D-CT] · D · Sponsor
• Sen. Wilson, Pete [R-CA] · R · Sponsor
• Sen. Sarbanes, Paul S. [D-MD] · D · Sponsor
• · ssfi00 · Standing

Related records

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