Commuters' Tax Act

[AI summary unavailable — showing source text] Commuters' Tax Act - Provides, under the Internal Revenue Code, that in the case of an individual, there shall be allowed as a tax credit against the income tax an amount equal to the amounts paid by such individual during the taxable year for reasonable public transit transportation between his or her place of residence and place of employment. Provides that the maximum credit allowed for a taxable year shall be limited to $200. Allows an income tax credit for disabled individuals for the cost of transportation to and from work to a maximum of $750 per taxable year. Defines "disabled individual" as an individual who is blind, or has lost the use of one or more of his extremities, or is otherwise disabled to such an extent that in order to avoid undue hardship or danger he must use something other than public transportation. Provides that an individual may make an income tax deduction in lieu of a tax credit for the expense of public transportation to and from work, such deduction to be limited to a maximum of $800. Provides that a disabled individual may make an income tax deduction in lieu of a tax credit for the expense of transportation to and from work, such deduction to be li…