Bill > S1724

This bill, the Bicycle Commuter Act of 2023, aims to amend the Internal Revenue Code to reinstate and expand employer-provided fringe benefits for bicycle commuting. The key provisions include: repealing the suspension of the exclusion for qualified bicycle commuting benefits, expanding the definition of "qualified bicycle commuting benefit" to include a broader range of expenses related to the purchase, lease, rental, improvement, repair, or storage of bicycles and electric bicycles, and increasing the monthly limit on the exclusion for such benefits. The bill also removes the constructive receipt rule for qualified bicycle commuting benefits and makes conforming amendments to related sections of the tax code. These changes are intended to encourage and support employees who choose to commute by bicycle.