H.R. 8555 explained · 117th Congress · Not enacted (117th Congress ended)
To amend the Internal Revenue Code of 1986 to stipulate that a parking benefit is not a qualified parking fringe benefit unless an employer offers employees the option to receive an equivalent cash benefit or alternative tax-exempt benefit in lieu of the parking benefit.
Introduced: 2022-07-28
Latest action (2022-07-28): Referred to the House Committee on Ways and Means.
What H.R. 8555 does, in plain terms
The Congressional Research Service has not published a summary of H.R. 8555 yet. Its official title: “To amend the Internal Revenue Code of 1986 to stipulate that a parking benefit is not a qualified parking fringe benefit unless an employer offers employees the option to receive an equivalent cash benefit or alternative tax-exempt benefit in lieu of the parking benefit.”.
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