The US Senate approved legislation Wednesday that would reverse cuts to pre-tax transit accounts available to commuters who use public transportation and vanpools. The provision is tucked into a larger bill to overhaul transportation programs.
If approved by the House of Representatives, the law would increase the monthly amount that can be set aside on a pre-tax basis for public transportation expenses to $240 a month, up from the reduced limit of $125 a month that became effective at the beginning of the year.
Advocates for the measure say it would help commuter costs by bringing to parity the amount that can be used for both parking and transit expenses. As the law stands now, only parking costs are set at the maximum $240 a month.
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