H.R. 1046 — Introduced in House

I 114th CONGRESS 1st Session H. R. 1046 IN THE HOUSE OF REPRESENTATIVES February 24, 2015 Ms. Norton (for herself, Mr. Beyer, and Mr. Connolly) 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 make permanent the rule providing parity for the exclusion from income for employer-provided mass transit and parking benefits. 1. Short title This Act may be cited as the Transit Tax Parity Act of 2015. 2. Parity for exclusion from income for employer-provided mass transit and parking benefits made permanent (a) In general Section 132(f)(2) of the Internal Revenue Code of 1986 is amended— (1) by striking $100 in subparagraph (A) and inserting $175, and (2) by striking the last sentence. (b) Effective date The amendments made by this section shall apply to months beginning after December 31, 2014.