,,ii  #aai? ,,congress  #b;d ,session   
,s4 #dibh  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bd1 #bjbf,mrs4  
,gillibr& 7= h]self & ,mr4 ,s*um]7      
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to all[ = "o-"t    
di/ributions f c]ta9 transportation fr+e
 b5efit acc\nts4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,,covid-#ai        
,commut] ,b5efits ,di/ribution ,act4    
#b4 ,treatm5t ( c]ta9 di/ributions f    
transportation fr+e b5efit acc\nts  7a7 
,9 g5]al ,9 ! case ( any qualifi$ paym5t
 f a specifi$ transportation fr+e b5efit
 acc\nt-- 7#a7 su* qualifi$ paym5t %all 
be includible 9 ! gross income ( !      
employee = ! taxable ye> 9 :i* su*      
qualifi$ paym5t is made1 &  7#b7 !      
det]m9ation ( :e!r any o!r paym5t f su* 
acc\nt is a qualifi$ transportation fr+e
 = purposes ( section #acb ( ! ,int]nal 
,rev5ue ,code ( #aihf %all be det]m9$   
)\t reg>d to su* qualifi$ paym5t4  7b7  
,qualifi$ paym5t ,= purposes ( ?is      

section1 ! t]m qualifi$ paym5t means a  
"o-"t paym5t made dur+ ! #f-mon? p]iod  
beg9n+ on ! date ( ! enactm5t ( ?is ,act
 f a specifi$ transportation fr+e b5efit
 acc\nt to ! employee = ^: b5efit su*   
acc\nt is ma9ta9$ b only to ! ext5t t   
su* paym5t does n exce$ ! highe/ balance
 ( su* acc\nt dur+ ! p]iod beg9n+ on    
,m>* #ac1 #bjbj1 & end+ on ,decemb] #ca1
 #bjbc4  7c7 ,specifi$ transportation   
fr+e b5efit acc\nt ,= purposes ( ?is    
section1 ! t]m specifi$ transportation  
fr+e b5efit acc\nt means1 ) respect to  
any employee1 am\nts set aside by su*   
employee's employ] "u a comp5sation     
r$uction agreem5t :i*-- 7#a7 provides = 
paym5ts to su* employee ( am\nts :i* are
 excludible "u section #acb ( ! ,int]nal
 ,rev5ue ,code ( #aihf z a qualifi$     
transportation fr+e 7det]m9$ aft] !     
application ( subsection 7a771 &  7#b7  
provides t unus$ am\nts at ! end ( a    
mon? may be c>ri$ =w>d to ! succe$+ mon?
 7subject to su* requirem5ts or         
limitations z su* agreem5t1 ! ,secret>y 

( ! ,treasury1 or ! ,secret>y's         
delegate1 may provide74