H.R.2241 - Commuter Access Reform Act115th Congress (2017-2018)
|Sponsor:||Rep. Holding, George [R-NC-2] (Introduced 04/28/2017)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 04/28/2017 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.2241 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (04/28/2017)
Commuter Access Reform Act
This bill amends the Internal Revenue Code to treat any qualified alternative commuter transportation service as a qualified transportation fringe benefit that is excluded from an employee's gross income when it is provided by an employer.
A "qualified alternative commuter transportation service" is transportation in a commuter vehicle provided by a transportation network company if the service: (1) is designed to provide prearranged rides to passengers who consent to share the ride in whole or in part; and (2) is between the employee's residence, place of employment, or a mass transit facility, including any portion of the distance.
A "transportation network company" is an entity that uses a digital network to connect riders to drivers affiliated with the entity to transport the rider using a vehicle owned, leased, or otherwise authorized for use by the driver to a point chosen by the rider.
The benefit is subject to a limit on the aggregate amount of transportation fringe benefits for parking and a qualified alternative commuter transportation service that may be excluded from gross income.