EXCLUSION FROM INCOME OF DOMESTIC COMMERCIAL TRANSPORTATION TICKETS RECEIVED AS GIFTS.

SEC. 8011. EXCLUSION FROM INCOME OF DOMESTIC COMMERCIAL TRANSPORTATION TICKETS RECEIVED AS GIFTS. (a) Exclusion From Income.—Section 1612(b) (42 U.S.C. 1382a(b)) is amended— (1) by striking “and” at the end of paragraph (13); (2) by striking the period at the end of paragraph (14) and inserting “; and”; and (3) by adding at the end the following: “(15) the value of any commercial transportation ticket, for travel by such individual (or spouse) among the 50 States, the District of Columbia, the Commonwealth of Puerto Rico, the Virgin Islands, Guam, American Samoa, and the Northern Mariana Islands, which is received as a gift by such individual (or such spouse) and is not converted to cash.”. (b) Effective Date.—The amendments made by subsection (a) shall take effect on the 1st day of the 3rd calendar month beginning after the date of the enactment of this Act.