1.030 -Parking, T-Pass and Vanpool Fringe Benefits

Item	Description	FY2013	FY2014	FY2015	FY2016	FY2017
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 as it appeared in the Code on January 1, 2005. Although the Tax Relief Act of 2010 temporarily increased this amount at the federal level, Massachusetts did not conform. For taxable years beginning in 2016, the Massachusetts monthly exclusion amounts are $255 for employer-provided parking and $130 for combined transit pass and commuter highway vehicle transportation benefits. Under Massachusetts law, these numbers reflect an inflation adjustment but do not include the increase in the federal monthly exclusion amount for the combined transit pass and commuter highway vehicle transportation benefits that was signed into law on December 18, 2015. Massachusetts adopts these 2016 tax year monthly exclusion amounts because they are based on the January 1, 2005 Code. For further discussion, see TIR 15-16. Origin: IRC S. 132(f) Estimate: $40.4	37.7	37.5	37.8	38.7	40.4

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.