Sec. 70112. Extension and modification of qualified transportation fringe benefits
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Section 132(f) is amended— by striking subparagraph
(D)of paragraph (1), in paragraph (2), 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), by striking (other than a qualified bicycle commuting reimbursement) in paragraph (4), by striking subparagraph
(F)of paragraph (5), and by striking paragraph (8). Clause
(ii)of section 132(f)(6)(A) is amended by striking 1998 in clause
(ii)and inserting 1997 . Subsection
(l)of section 274 is amended— by striking and all that follows through benefits .— No deduction and inserting , and benefits .—No deduction by striking paragraph (2). The amendments made by this section shall apply to taxable years beginning after December 31, 2025.