Bulletin No. 2000–7 February 14, 2000

matically reduce an employee’s compensation by a certain amount and have that amount contributed as an elective deferral to an employer’s section 401(k) plan. Rev. Rul. 98–30 amplified and superseded.

REG–113572–99, page 624. Proposed regulations under section 132(f) of the Code provide guidance on qualified transportation fringe benefits provided by employers to employees. A public hearing is scheduled for June 1, 2000.