Bill > S1882

This bill aims to extend the tax benefit that allows employees to exclude certain employer-provided transportation benefits from their taxable income, meaning these benefits are not counted as part of their salary for tax purposes. Specifically, it amends the Internal Revenue Code of 1986 to ensure that the exclusion for employer-provided mass transit benefits and qualified parking benefits remain on equal footing, or "parity," for an extended period. The change involves replacing the date January 1, 2014, with January 1, 2015, in the relevant section of the law, and the amendment applies to months after December 31, 2013, effectively continuing this tax advantage for employees who receive these commuting-related benefits from their employers.