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One-Time Distributions from COVID-19 Commuter Benefits Accounts

This act allows for a one-time cash distribution from transportation fringe benefit accounts that employees accumulated for commuting. While these funds are typically tax-exempt, in this specific instance, they will be included in the employee's gross income for tax purposes. This aims to assist individuals who accrued commuting funds but couldn't use them due to the pandemic.
Key points
Allows a one-time cash payout of unused funds from transportation fringe benefit accounts (e.g., for transit passes, parking).
The distributed funds will be included in the employee's gross income and subject to taxation.
The payout must occur within 6 months of the act's enactment and cannot exceed the lesser of the account's highest balance since March 2020 or its current balance.
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Expired
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Additional Information
Print number: 118_HR_3959
Sponsor: Rep. D'Esposito, Anthony [R-NY-4]
Process start date: 2023-06-09
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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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 118_HR_3959.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-06-09.

What are the main provisions?

Key points include:

  • Allows a one-time cash payout of unused funds from transportation fringe benefit accounts (e.g., for transit passes, parking).
  • The distributed funds will be included in the employee's gross income and subject to taxation.
  • The payout must occur within 6 months of the act's enactment and cannot exceed the lesser of the account's highest balance since March 2020 or its 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 Rep. D'Esposito, Anthony [R-NY-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Benefits Taxes Transport