SENATE BILL REPORT

EHJM 4019

BYRepresentatives Nelson, D. Sommers and R. Fisher 

Requesting equal income tax treatment of employer-provided transit passes and vehicle parking.

House Committe on Transportation

Senate Committee on Transportation

Senate Hearing Date(s):February 22, 1990

Majority Report:  Do pass.

      Signed by Senators Patterson, Chairman; Thorsness, Vice Chairman; Bender, Benitz, Conner, DeJarnatt, Hansen, Madsen, Murray, Nelson, Patrick, Sellar.

Senate Staff:Gene Baxstrom (786-7303)

                  February 23, 1990

AS REPORTED BY COMMITTEE ON TRANSPORTATION, FEBRUARY 22, 1990

BACKGROUND:

Many employers provide subsidized or free parking, or transit passes for employees.  Federal income tax laws do not include the value of employer- provided parking as taxable income for employees.  Those tax laws provide that when the value of employer-provided transit pass benefits are greater than $15 per month, the entire value of the pass will be treated as taxable income.

SUMMARY:

The Legislature memorializes Congress to request that federal tax laws be changed to give equal tax treatment to employer-provided benefits related to parking and transit passes.  Copies of the Memorial are to be transmitted to the President of the United States, the President of the Senate, the Speaker of the House and to each member of the Washington congressional delegation.

Appropriation:    none

Revenue:    none

Fiscal Note:      none requested

Senate Committee - Testified: No one