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One-time distribution of unused commuter benefits from the COVID-19 period.

This Act allows employees a one-time withdrawal of funds from their transportation fringe benefit accounts that accumulated but remained unused during the COVID-19 pandemic. Citizens can recover money frozen between March 2020 and the end of 2023, but this amount will be included in their gross income and subject to taxation. The distribution must occur within 6 months of the Act's enactment.
Key points
Allows a one-time payment of unused funds from specified transportation fringe benefit accounts accumulated between March 13, 2020, and December 31, 2023.
The distributed amount will be included in the employee's gross income and will be subject to taxation.
The payment must be made within a 6-month period starting on the date the Act is enacted and cannot exceed the highest account balance during the specified pandemic period.
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Additional Information
Print number: 118_S_5525
Sponsor: Sen. Gillibrand, Kirsten E. [D-NY]
Process start date: 2024-12-12
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Summarized by: gemini-flash-latest
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_S_5525.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-12-12.

What are the main provisions?

Key points include:

  • Allows a one-time payment of unused funds from specified transportation fringe benefit accounts accumulated between March 13, 2020, and December 31, 2023.
  • The distributed amount will be included in the employee's gross income and will be subject to taxation.
  • The payment must be made within a 6-month period starting on the date the Act is enacted and cannot exceed the highest account balance during the specified pandemic period.
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 2025-12-26.

CATEGORIES

Taxes Transport Benefits