Bill
Bill > HR8555
US HR8555
US HR8555To amend the Internal Revenue Code of 1986 to stipulate that a parking benefit is not a qualified parking fringe benefit unless an employer offers employees the option to receive an equivalent cash benefit or alternative tax-exempt benefit in lieu of the parking benefit.
summary
Introduced
07/28/2022
07/28/2022
In Committee
07/28/2022
07/28/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to stipulate that a parking benefit is not a qualified parking fringe benefit unless an employer offers employees the option to receive an equivalent cash benefit or alternative tax- exempt benefit in lieu of the parking benefit.
AI Summary
This bill amends the Internal Revenue Code to require employers to offer employees the option to receive a cash benefit or alternative tax-exempt benefit instead of a qualified parking fringe benefit. The bill stipulates that a parking benefit will not be considered a qualified parking fringe benefit unless the employer provides this option to employees. The amendment made by this bill will apply to taxable years beginning after December 31, 2022.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 07/28/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/8555/all-info |
| BillText | https://www.congress.gov/117/bills/hr8555/BILLS-117hr8555ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr8555/BILLS-117hr8555ih.pdf.pdf |
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