,,ii  #aacth ,,congress  #ast ,session  
,s4 #aaaf  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #g1 #bjac
 ,mr4 ,schumer 7for himself1 ,mr4       
,cardin1 ,mr4 ,carper1 ,mr4 ,menendez1  
,mr4 ,coons1 and ,mrs4 ,gillibrand7     
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,finance  ,a ,,bill  ,to  
amend the ,internal ,revenue ,code of   
#aihf to equalize the exclusion from    
gross income of parking and             
transportation fringe benefits and to   
provide for a common cost-of-living     
adjustment1 and for other purposes4  #a4
 ,short title ,this ,act may be cited as
 the ,commuter ,benefits ,equity ,act of
 #bjac4  #b4 ,uniform dollar limitation 
for all types of transportation fringe  
benefits  7a7 ,in general ,section      
#acb7;f77#b7 of the ,internal ,revenue  
,code of #aihf is amended--  7#a7 by    
striking #ajj in subparagraph 7,a7 and  
inserting #bde1  7#b7 by striking #age  
in subparagraph 7,b7 and inserting #bde1

 and  7#c7 by striking the last         
sentence4  7b7 ,inflation adjustment    
conforming amendments ,subparagraph 7,a7
 of section #acb7;f77#f7 of the         
,internal ,revenue ,code of #aihf is    
amended--  7#a7 by striking the last    
sentence1  7#b7 by striking #aiii and   
inserting #bjac1 and  7#c7 by striking  
#aiih and inserting #bjab4  7c7         
,effective date ,the amendments made by 
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjac4  #c4 ,clarification of ,federal  
employee benefits ,section #gije of     
title #e1 ,united ,states ,code1 is     
amended--  7#a7 in subsection 7a7--     
7,a7 in paragraph 7#b77;,c7 by inserting
 and after the semicolon2  7,b7 in      
paragraph 7#c7 by striking 2 and and    
inserting a period2 and  7,c7 by        
striking paragraph 7#d72 and  7#b7 in   
subsection 7b77#b77;,a7 by amending     
subparagraph 7,a7 to read as follows3   
7,a7 a qualified transportation fringe  
as defined in section #acb7;f77#a7 of   

the ,internal ,revenue ,code of #aihf2  
4