COVID–19 Commuter Benefits Distribution Act

This bill lets employees make a one-time withdrawal of unused money from their employer-sponsored transportation benefit accounts, which are accounts where workers set aside part of their paycheck — usually tax-free — to pay for things like transit passes and parking. The withdrawal can be used for anything, not just transportation, but the amount taken out cannot be more than the highest balance the account held between March 13, 2020, and December 31, 2023. The withdrawn money must be counted as income for tax purposes, and the withdrawal must happen within a set time period.

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