Bill > H2514

This bill amends Massachusetts General Laws Chapter 62, Section 3(B) to align the state's tax treatment of qualified transportation fringe benefits with federal law. Specifically, it inserts a new provision that, for individuals whose employers offer these benefits, the monthly limits on the dollar value of these benefits that can be excluded from an employee's gross income will be the same as the federal limits. This applies when an employee purchases a monthly transit pass, uses a commuter highway vehicle, or pays for qualified parking, as these are all defined as qualified transportation fringe benefits under Section 132 of the Internal Revenue Code. In essence, this bill ensures that Massachusetts taxpayers can exclude the same amount of money for these commuting-related benefits from their taxable income as allowed by federal tax law.