1.030 -Parking, T-Pass and Vanpool Fringe Benefits

Item	Description	FY2011	FY2012	FY2013
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. As a result of the Code Update, for tax years starting on or after January 1, 2005, 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 only a maximum exclusion of $120 per month (see Appendix A). Origin: IRC S. 132(f) Estimate: $38.8	35.8	37.1	38.8

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.