S.1116 - Commuter Benefits Equity Act of 2013113th Congress (2013-2014)
|Sponsor:||Sen. Schumer, Charles E. [D-NY] (Introduced 06/07/2013)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 06/07/2013 Read twice and referred to the Committee on Finance. (All Actions)|
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Summary: S.1116 — 113th Congress (2013-2014)All Information (Except Text)
Introduced in Senate (06/07/2013)
Commuter Benefits Equity Act of 2013 - Amends the Internal Revenue Code to equalize and increase to $245, with a cost-of-living adjustment after 2013, the tax exclusion for both transportation and parking fringe benefits.
Authorizes agencies to establish a program involving such benefits in lieu of transit passes to encourage commuting by federal employees by means other than single-occupancy motor vehicles.