Emergency
Economic Recovery Act

The transit tax benefit which was $120/month compared with $230/month for parking has been increased, effective Feb. 17, 2009, to the same value as parking, $230. This is a big win for transit commuters and will make an important contribution to reductions in air pollution and traffic congestion.  It means that working Americans who commute by transit can save up to $1000 or more a year!

PART VI-PARITY FOR TRANSPORTATION 2 FRINGE BENEFITS 3 SEC. 1151. INCREASED EXCLUSION AMOUNT FOR COMMUTER TRANSIT BENEFITS AND TRANSIT
PASSES.
(a) IN GENERAL.-Paragraph (2) of section 132(f) is amended by adding at the end the following sentence: ''In the case of any month beginning on or after the date of the enactment of this sentence and before January 1, 2011, subparagraph (A) shall be applied as if the dollar amount therein were the same as the dollar amount in effect for such month under subparagraph (B).''
(b) EFFECTIVE DATE.-The amendment made by this section shall apply to months beginning on or after the date of the enactment of this"