IN THE SENATE OF THE UNITED STATES
June 7, 2013
Mr. Schumer (for himself, Mr. Cardin, Mr. Carper, Mr. Menendez, Mr. Coons, and Mrs. Gillibrand) introduced the following bill; which was read twice and referred to the Committee on Finance
To amend the Internal Revenue Code of 1986 to equalize the exclusion from gross income of parking and transportation fringe benefits and to provide for a common cost-of-living adjustment, and for other purposes.
This Act may be cited as
Commuter Benefits Equity Act of
Uniform dollar limitation for all types of transportation fringe benefits
$100 in subparagraph (A) and inserting
$175 in subparagraph (B) and inserting
by striking the last sentence.
Inflation adjustment conforming amendments
by striking the last sentence,
1999 and inserting
1998 and inserting
The amendments made by this section shall apply to taxable years beginning after December 31, 2013.
Clarification of Federal employee benefits
Section 7905 of title 5, United States Code, is amended—
in subsection (a)—
(2)(C) by inserting
and after the semicolon;
in paragraph (3)
; and and inserting a period; and
by striking paragraph (4); and