US HB6173 | 2015-2016 | 114th Congress

Status

Sponsorship: Partisan Bill (Democrat 25)
Status: Introduced on September 26 2016 - 25% progression, died in committee
Action: 2016-09-26 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Transit Tax Credit Act of 2016 This bill amends the Internal Revenue Code to allow a refundable tax credit for commuting mass transit costs. The credit is equal to 15% of the amount paid or incurred by the taxpayer during the year for a transit pass that the taxpayer, the taxpayer's spouse, or a dependent uses for travel between the residence and place of employment of the taxpayer, spouse, or dependent. The credit allowed for transit passes for any individual may not exceed $460 per year (adjusted for inflation after 2017).

Tracking Information

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Title

Transit Tax Credit Act of 2016

Sponsors


History

DateChamberAction
2016-09-26HouseReferred to the House Committee on Ways and Means.
2016-09-26HouseIntroduced in House

Subjects


US Congress State Sources


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