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Supporting Transit Commutes Act
9/12/2024, 6:53 AM
Summary of Bill HR 9464
The "Supporting Transit Commutes Act," designated as H.R. 9464 in the 118th Congress, was introduced on September 6, 2024. The bill aims to support transit commutes and likely includes provisions to improve public transportation infrastructure or services. Specific directives and actions proposed in the bill, including any funding allocations or regulatory changes, are not provided in the context. For further details, the official text of the bill can be accessed via the PDF link: https://www.congress.gov/118/bills/hr9464/BILLS-118hr9464ih.pdf.
Congressional Summary of HR 9464
Supporting Transit Commutes Act
This bill allows employers a tax deduction for certain transportation fringe benefits (e.g., commuter and parking costs, bicycle reimbursements) paid to their employees. It also gives employers a 50% tax deduction for the amount of benefits withheld from their employees' wages.
Read the Full Bill
Current Status of Bill HR 9464
Bill HR 9464 is currently in the status of Bill Introduced since September 6, 2024. Bill HR 9464 was introduced during Congress 118 and was introduced to the House on September 6, 2024. Bill HR 9464's most recent activity was Referred to the House Committee on Ways and Means. as of September 6, 2024
Bipartisan Support of Bill HR 9464
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
3Democrat Cosponsors
2Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 9464
Primary Policy Focus
Alternate Title(s) of Bill HR 9464
Supporting Transit Commutes Act
Supporting Transit Commutes Act
To amend the Internal Revenue Code of 1986 to allow employers to deduct certain transportation fringe benefits.
Comments
Sponsors and Cosponsors of HR 9464
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