Qualified Transportation Fringe Law and Legal Definition
Qualified transportation fringe is a kind of benefit provided by an employer to an employee. It includes travel expenses that get favored treatment under the federal tax code. Most common qualified transportation fringe benefits provided to employees are qualified parking, transit pass, transportation in a commuter highway vehicle, and qualified bicycle commuting reimbursement.
The term "qualified transportation fringe" is defined under 26 USCS § 132 (f)(1) as any of the following provided by an employer to an employee:
(A) Transportation in a commuter highway vehicle if such transportation is in connection with travel between the employee's residence and place of employment;
(B) Any transit pass;
(C) Qualified parking;
(D) Any qualified bicycle commuting reimbursement.
Legal Definition list
- Qualified Timber Property [Internal Revenue]
- Qualified Terminal Interest Property Trust
- Qualified Subsidiary (Internal Revenue Code)
- Qualified Student Loan Bond
- Qualified Stated Interest
- Qualified Transportation Fringe
- Qualified Tuition and Related Expenses
- Qualified Vessel [Internal Revenue]
- Qualified Veterans’ Mortgage Bond
- Qualified Written Notice of Allocation
- Qualified Written Request
Related Legal Terms
- Accountable Injury or Illness [Transportation]
- Acquisition Assistance [Transportation]
- Administrative Takedown Funds [Transportation]
- After-Arrival Mandatory Directive [Transportation]
- Air Transportation
- Air Transportation Safety and System Stabilization Act
- Air Transportation System Stabilization Board
- Alaska Natural Gas Transportation Project
- Alerter [Transportation]
- All Cargo Air Transportation
