HR 9464 · 118th Congress · Taxation
Supporting Transit Commutes Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2024-09-06)
Plain Language Summary
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Supporting Transit Commutes Act This bill allows employers a tax deduction for certain transportation fringe benefits (e.g., commuter and parking costs, bicycle reimbursements) paid to their employees. It also gives employers a 50% tax deduction for the amount of benefits withheld from their employees' wages. …
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (4)
2 Democrats2 Republicans