Bill > S1892

This bill, the Bicycle Commuter Act of 2021, aims to modify employer-provided fringe benefits for bicycle commuting. The key provisions include: 1. Repealing the suspension of the exclusion for qualified bicycle commuting reimbursement, allowing employees to again receive tax-free benefits for bicycle-related expenses. 2. Expanding the definition of "commuting fringe" to include bikeshare, bicycle improvements, repairs, and storage, as long as the employee regularly uses the bikeshare or bicycle for commuting. 3. Defining "low-speed electric bicycles" as eligible for the commuting fringe benefit. 4. Changing the definition of "qualified bicycle commuting month" to any month where the employee regularly uses a bicycle for a portion of their commute. 5. Modifying the limitation on the exclusion, changing it from an annual to a monthly limit. The amendments made by this bill will apply to taxable years beginning after December 31, 2021.

Budget and Finance

https://www.congress.gov/bill/117th-congress/senate-bill/1892/all-info