SECTION 5. DRAFTING INFORMATION

able from gross income for certain employer-provided transportation fringe benefits. For months beginning after February 17, 2009, and before January 1, 2011, the monthly limitation under § 132(f)(2)(A) for transportation in a commuter highway vehicle and any transit pass is the same as the amount in effect under § 132(f)(2)(B) for qualified parking. (See section 3.12 of this revenue procedure.)

.08 The phaseout of the personal exemption amount under § 151(d)(3) does not apply to any taxable year beginning after December 31, 2009, and before January 1, 2011. Accordingly, the exemption amount for taxpayers with adjusted gross income in excess of the maximum phaseout amount and the maximum adjusted gross income phaseout amounts are not included in this revenue procedure.

.09 Section 1202 of ARRTA amended § 179(b)(7) of the Code to extend to taxable years beginning in 2009 the temporary increases to the dollar limitations under § 179(b)(1) and (2) that applied to taxable years beginning in 2008. Because the temporary increases do not apply to taxable years beginning after December 31, 2009, the dollar limitations under § 179(b)(1) and (2) provided in this revenue procedure are determined without regard to § 179(b)(7). (See section 3.20 of this revenue procedure.)

.10 The passenger air transportation excise taxes imposed under § 4261(b) and (c), as extended by § 2(b)(1) of the Fiscal Year 2010 Federal Aviation Administration Extension Act, Pub. L. No. 111–69, 123 Stat. 2054 (2009), apply to transportation taken through December 31, 2009, and to amounts paid on or before December 31, 2009, for transportation beginning after that date. Accordingly, the amounts in § 4261(b) and (c) are not included in this revenue procedure.

SECTION 3. 2010 ADJUSTED ITEMS

.01 Tax Rate Tables . For taxable years beginning in 2010, the tax rate tables under § 1 are as follows: