1.030 -Parking, T-Pass and Vanpool Fringe Benefits

Item	Description	FY2011	FY2012	FY2013	FY2014	FY2015
1.030	Parking, T-Pass and Vanpool Fringe Benefits A federal and Massachusetts exclusion is allowed for employer-provided parking, transit passes and vanpool benefits (i.e. "qualified transportation benefits"), subject to monthly maximums. Massachusetts adopts the federal exclusion without any differences in exclusion amounts or allowed benefits. Although the Tax Relief Act of 2010 temporarily increased this amount at the federal level, Massachusetts does not conform, and allows exclusion amounts for tax year 2014 of $250 per month for qualified parking, and $130 per month for combined commuter highway vehicle transportation and transit passes. For further discussion, see TIR 14-02 . Origin: IRC S. 132(f) Estimate: $40.6	29.5	32.3	35.7	38.2	40.6

Key:

ORIGIN
IRC	Federal Internal Revenue Code (26 U.S.C.)
U.S.C	United States Code
M.G.L.	Massachusetts General Laws
Rev. Rul.; C.B.	Revenue Ruling; Cumulative Bulletin of the U.S. Treasury
ESTIMATES	All estimates are in $ millions.