Sec. 1420. Fringe benefits
137 words·~1 min read·
/bill/113/hr/1/ih/section-1420A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subsection
(h)of section 132 is amended by striking paragraph (3). Paragraph
(2)of section 132(f) is amended— in subparagraph
(A)by striking $100 and inserting $130 , and in subparagraph
(B)by striking $175 and inserting $250 . Subsection
(f)of such section is amended by striking paragraph
(6)and redesignating paragraph
(7)as paragraph (6). Paragraph
(1)of section 132(f) is amended by striking subparagraph (D). Section 132(f)(2) is amended by inserting and at the end of subparagraph (A), by striking and at the end of subparagraph
(B)and inserting a period, and by striking subparagraph (C). Section 132(f)(4) is amended by striking (other than a qualified bicycle commuting reimbursement) . Section 132(f)(5) is amended by striking subparagraph (F). The amendments made by this section shall apply to taxable years beginning after December 31, 2014.