arrow_back Back to App

One-Time Payout for COVID-19 Commuter Benefits Accounts

This act allows a one-time distribution of unused funds from commuter benefits accounts, which employees accumulated for work-related travel. These funds, previously tax-exempt, will now be included in gross income, but provide an opportunity to access frozen money that might otherwise be lost.
Key points
Allows a one-time payout of unused funds from transportation fringe benefit accounts (e.g., for commuting).
Distributed funds will be included in gross income and subject to taxation.
Payout is available for 6 months from the act's enactment, up to the lesser of the highest account balance since March 2020 or the current balance.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_4207
Sponsor: Sen. Gillibrand, Kirsten E. [D-NY]
Process start date: 2022-05-12
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

COVID–19 Commuter Benefits Distribution Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4207.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-05-12.

What are the main provisions?

Key points include:

  • Allows a one-time payout of unused funds from transportation fringe benefit accounts (e.g., for commuting).
  • Distributed funds will be included in gross income and subject to taxation.
  • Payout is available for 6 months from the act's enactment, up to the lesser of the highest account balance since March 2020 or the current balance.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Gillibrand, Kirsten E. [D-NY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Benefits Transport