Sec. 70112. Extension and modification of qualified transportation fringe benefits
Official source: Public Law 119-21, Section 70112 — 139 Stat. 165.
(a) In General.—
Section 132(f) is amended—
(1) by striking subparagraph (D) of paragraph (1),
(2) 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),
(3) by striking “
(other than a qualified bicycle commuting reimbursement)
” in paragraph (4),
(4) by striking subparagraph (F) of paragraph (5), and
(5) by striking paragraph (8).
(b) Inflation Adjustment.—
Clause (ii) of section 132(f)(6)(A) is amended by striking “
” in clause (ii) and inserting “
”.
(c) Coordination With Disallowance of Certain Expenses.—
Subsection (l) of section 274 is amended—
(1) by striking “
Benefits.—
” and all that follows through “
No deduction
” and inserting “
Benefits.—No deduction
”, and
(2) by striking paragraph (2).
(d) Effective Date.—
The amendments made by this section shall apply to taxable years beginning after December 31, 2025.