Transit Tax Credit Act of 2016
Latest action · Sep 26, 2016 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 26, 2016
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Transit Tax Credit Act of 2016
This bill amends the Internal Revenue Code to allow a refundable tax credit for commuting mass transit costs. The credit is equal to 15% of the amount paid or incurred by the taxpayer during the year for a transit pass that the taxpayer, the taxpayer's spouse, or a dependent uses for travel between the residence and place of employment of the taxpayer, spouse, or dependent. The credit allowed for transit passes for any individual may not exceed $460 per year (adjusted for inflation after 2017).
Cosponsors 24
Members who signed on, in the order they did. Signatures ran from Sep 26, 2016 to Sep 27, 2016; 22 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-PA | Brendan F. Boyle | Original | Sep 26, 2016 |
| D-VA | Donald S. Beyer, Jr. | Original | Sep 26, 2016 |
| D-DC | Eleanor Holmes Norton | Original | Sep 26, 2016 |
| D-CA | Grace F. Napolitano | Original | Sep 26, 2016 |
| D-NY | Gregory W. Meeks | Original | Sep 26, 2016 |
| D-WI | Gwen Moore | Original | Sep 26, 2016 |
| D-NY | Hakeem S. Jeffries | Original | Sep 26, 2016 |
| D-NY | Jerrold Nadler | Original | Sep 26, 2016 |
| D-MI | John Conyers, Jr. | Original | Sep 26, 2016 |
| D-NY | Jose E. Serrano | Original | Sep 26, 2016 |
| D-IL | Luis V. Gutierrez | Original | Sep 26, 2016 |
| D-OH | Marcia L. Fudge | Original | Sep 26, 2016 |
| D-CA | Mark DeSaulnier | Original | Sep 26, 2016 |
| D-CA | Michael M. Honda | Original | Sep 26, 2016 |
| D-NY | Paul Tonko | Original | Sep 26, 2016 |
| D-AZ | Raúl M. Grijalva | Original | Sep 26, 2016 |
| D-GA | Sanford D. Bishop, Jr. | Original | Sep 26, 2016 |
| D-TX | Sheila Jackson Lee | Original | Sep 26, 2016 |
| D-VI | Stacey E. Plaskett | Original | Sep 26, 2016 |
| D-NY | Steve Israel | Original | Sep 26, 2016 |
| D-CA | Tony Cárdenas | Original | Sep 26, 2016 |
| D-NY | Yvette D. Clarke | Original | Sep 26, 2016 |
| D-MA | James P. McGovern | Sep 27, 2016 | |
| D-MA | Katherine M. Clark | Sep 27, 2016 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Sep 26, 2016 |
Actions 2
Everything that happened, newest first.
- Sep 26, 2016Introduced in House
- Sep 26, 2016Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 162, no. 145, September 26, 2016, page H5913.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to allow a refundable credit against tax for commuting mass transit costs.
- Short Titles as Introduced
- Transit Tax Credit Act of 2016
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Sep 26, 2016Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.