Lets employers deduct costs for employee transit passes and commuter benefits.
This bill would let employers deduct the cost of certain transportation benefits they provide to employees, like transit passes and rides in commuter vehicles. This could make it more appealing for businesses to offer these benefits, potentially helping employees with their commute costs. The change would take effect for expenses paid after the bill becomes law.
Today, employers generally cannot deduct the cost of providing transportation benefits like transit passes or commuter vehicle rides to their employees. If this bill becomes law, employers would be able to deduct these costs, up to a certain limit, from their taxable income. If the benefit is offered as a choice between the benefit and cash, the deduction would be limited to 50% of the cost.
HR 409 · 119th Congress · January 15, 2025 · AI Summary by gemini-2.5-flash · 10/10
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1 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.