REVERSE this ruling back to FY2013 Subsidy Levels.
BACKGROUND: A provision of Executive Order 13150, Federal Workforce Transportation,
dated April 22, 2000, requires that Federal agencies implement a transportation fringe
benefit program that offers qualified Federal employees the option to exclude from taxable
wages and compensation employee commuting costs incurred through the use of mass
transportation and vanpools, not exceed the maximum level allowed by law.
The American Taxpayer Relief Act of 2012 increased the Internal Revenue Service (IRS)
exclusion from income for mass transit to be in parity with parking benefits and set the
monthly maximum statutory limit at $245. This provision sunsets on December 31, 2013.
INFORMATION: Internal Revenue Bulletin 2013-47, Section 3.16,