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COVID–19 Commuter Benefits Distribution Act
To allow for one-time distributions from certain transportation fringe benefit accounts.
Summary
- Allows employees to receive a one-time distribution from transportation fringe benefit accounts during the 6-month period beginning on the bill's enactment date.
- The one-time distribution cannot exceed the highest balance in the account between March 13, 2020, and December 31, 2023.
- The one-time distribution is taxable and must be included in the employee's gross income for the tax year in which the payment is made.
- The one-time distribution does not affect the tax treatment of other payments from the account as qualified transportation fringe benefits.
- The provision applies to transportation fringe benefit accounts established under employer compensation reduction agreements that allow unused amounts to carry forward monthly.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
Actions (2)
- Jun 24, 2026 Read twice and referred to the Committee on Finance. · senate
- Jun 24, 2026 Introduced in Senate
Similar bills (6)
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Full text
IN THE SENATE OF THE UNITED STATES
June 24, 2026
Mrs. Gillibrand (for herself and Mr. Schumer) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To allow for one-time distributions from certain transportation fringe benefit accounts.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “COVID-19 Commuter Benefits Distribution Act”.
SEC. 2. TREATMENT OF CERTAIN DISTRIBUTIONS FROM TRANSPORTATION FRINGE BENEFIT ACCOUNTS.
(a) In General.—In the case of any qualified payment from a specified transportation fringe benefit account—
(1) such qualified payment shall be includible in the gross income of the employee for the taxable year in which such qualified payment is made, and
(2) the determination of whether any other payment from such account is a qualified transportation fringe for purposes of section 132 of the Internal Revenue Code of 1986 shall be determined without regard to such qualified payment.
(b) Qualified Payment.—For purposes of this section, the term “qualified payment” means a one-time payment made during the 6-month period beginning on the date of the enactment of this Act from a specified transportation fringe benefit account to the employee for whose benefit such account is maintained but only to the extent that such payment does not exceed the highest balance of such account during the period beginning on March 13, 2020, and ending on December 31, 2023.
(c) Specified Transportation Fringe Benefit Account.—For purposes of this section, the term “specified transportation fringe benefit account” means, with respect to any employee, amounts set aside by such employee’s employer under a compensation reduction agreement which—
(1) provides for payments to such employee of amounts which are excludible under section 132 of the Internal Revenue Code of 1986 as a qualified transportation fringe (determined after the application of subsection (a)), and
(2) provides that unused amounts at the end of a month may be carried forward to the succeeding month (subject to such requirements or limitations as such agreement, the Secretary of the Treasury, or the Secretary’s delegate, may provide). <all>
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