< Back to H.R. 863 (111th Congress, 2009–2010)

Text of To amend the Internal Revenue Code of 1986 to allow employees to receive transportation fringe benefits for the same month ...

...the same month both in the form of transit passes and reimbursement of bicycle commuting expenses.

This bill was introduced on February 4, 2009, in a previous session of Congress, but was not enacted. The text of the bill below is as of Feb 4, 2009 (Introduced).

Source: GPO

I

111th CONGRESS

1st Session

H. R. 863

IN THE HOUSE OF REPRESENTATIVES

February 4, 2009

(for himself and Mr. McGovern) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to allow employees to receive transportation fringe benefits for the same month both in the form of transit passes and reimbursement of bicycle commuting expenses.

1.

Employees may receive transit passes and reimbursement of bicycle commuting expenses as excludable fringe benefits for the same month

(a)

In general

Subclause (II) of section 132(f)(5)(F)(iii) of the Internal Revenue Code of 1986 (defining qualified bicycling month) is amended by striking , (B),.

(b)

Limitation

Subparagraph (A) of section 132(f)(2) of such Code (relating to limitation on exclusions) is amended by striking and (B) and inserting , (B), and (D).

(c)

Repeal of constructive receipt treatment of bicycle commuting reimbursements

Paragraph (4) of section 132(f) of such Code is amended by striking (other than a qualified bicycle commuting reimbursement).

(d)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2008.