Consolidated Appropriations Act of 2016 Postpones Cadillac Tax and Permanently Extends Transit Benefit Parity | Practical Law
The Consolidated Appropriations Act of 2016 was enacted on December 18, 2015, and includes several provisions affecting employee benefits, including a two-year delay of the Cadillac Plan Tax and extension of parity for the income exclusion for employer-provided mass transit and parking benefits. The transit benefit amendment and the provisions affecting retirement plans are located in the part of the legislation known as the Protecting Americans From Tax Hikes (PATH) Act.