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United States · Bill · S

S. 2812 (96th)

A bill to amend the Internal Revenue Code of 1954 to provide employers a credit against tax for costs incurred in ride-sharing programs.

referredUnited States· United States Congress· EN

Introduced

11 June 1980

Last action

—

Status

Referred to Senate Committee on Finance.

Sponsors

—

Subjects

Discovery layer

Source updated

14 June 2021

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Summary

Amends the Internal Revenue Code to allow a credit against the income tax of an employer for administrative expenses paid or incurred in connection with the operation of a ride-sharing commuter program for his employees. Determines such credit by multiplying the average number of such employer's employees during the taxable year by a specified amount keyed to the percentage of employees participating in the program.

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Documents

1 official file

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