The bill H.R. 409, titled the "Supporting Transit Commutes Act," aims to amend the Internal Revenue Code of 1986. It allows employers to deduct certain transportation fringe benefits they provide. The bill specifies an exception for these deductions and outlines how they...
Simple Explanation
The "Supporting Transit Commutes Act" is a proposal that wants to let companies save money on their taxes when they help pay for their workers' rides to work, like buses or trains. It tries to show how this should work, even if workers can choose between getting these travel benefits or extra money in their paycheck.