summary
Introduced
03/05/2019
03/05/2019
In Committee
03/05/2019
03/05/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to modify employer-provided fringe benefits for bicycle commuting. This bill modifies provisions relating to the tax exclusion for employer-provided fringe benefits for bicycle commuting. Specifically, the bill (1) repeals the suspension (for the period between 2018 and the end of 2025) of the exclusion, (2) includes bikeshare (a bicycle rental operation providing for pick up and drop off) and low-speed electric bicycle within the definition of bicycle for purposes of the exclusion, and (3) modifies the limitation on the exclusion to provide for a specified monthly limitation amount (i.e., 20% of the parking fringe benefit amount).
AI Summary
This bill modifies the tax exclusion for employer-provided fringe benefits for bicycle commuting. Specifically, it repeals the suspension of the exclusion that was in place from 2018 to 2025, includes bikeshare (bicycle rental services) and low-speed electric bicycles within the definition of "bicycle" for the purposes of the exclusion, and changes the limitation on the exclusion to be a specified monthly amount (20% of the parking fringe benefit amount) rather than an annual limitation.
Committee Categories
Budget and Finance
Sponsors (50)
Earl Blumenauer (D)*,
Don Beyer (D),
Suzanne Bonamici (D),
Brendan Boyle (D),
Julia Brownley (D),
Vern Buchanan (R),
Ed Case (D),
Sean Casten (D),
Judy Chu (D),
Steve Cohen (D),
Angie Craig (D),
Sharice Davids (D),
Madeleine Dean (D),
Peter DeFazio (D),
Mark DeSaulnier (D),
Lloyd Doggett (D),
Anna Eshoo (D),
Adriano Espaillat (D),
Jimmy Gomez (D),
Raúl Grijalva (D),
Debra Haaland (D),
Alcee Hastings (D),
Jared Huffman (D),
Sheila Jackson-Lee (D),
Ann Kuster (D),
Barbara Lee (D),
Daniel Lipinski (D),
Zoe Lofgren (D),
Alan Lowenthal (D),
Jim McGovern (D),
Gwen Moore (D),
Grace Napolitano (D),
Joe Neguse (D),
Eleanor Holmes Norton (D),
Alexandria Ocasio-Cortez (D),
Bill Pascrell (D),
Mark Pocan (D),
Ayanna Pressley (D),
Mike Quigley (D),
Jamie Raskin (D),
Lucille Roybal-Allard (D),
Dutch Ruppersberger (D),
Linda Sánchez (D),
Jan Schakowsky (D),
Albio Sires (D),
Elissa Slotkin (D),
Eric Swalwell (D),
Lori Trahan (D),
Nydia Velázquez (D),
Peter Welch (D),
Last Action
Referred to the House Committee on Ways and Means. (on 03/05/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/1507/all-info |
| BillText | https://www.congress.gov/116/bills/hr1507/BILLS-116hr1507ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr1507/BILLS-116hr1507ih.pdf.pdf |
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