Bill > HR3473

This bill, the Bicycle Commuter Act of 2023, amends the Internal Revenue Code to reinstate and expand employer-provided fringe benefits for bicycle commuting. The key provisions include: 1. Repealing the suspension of the exclusion for qualified bicycle commuting benefits, which were previously suspended. 2. Expanding the definition of "qualified bicycle commuting benefit" to include reimbursements or direct/indirect provisions by employers for the purchase, lease, rental, improvement, repair, or storage of qualified commuting property (bicycles, electric bicycles, and certain scooters). 3. Limiting the exclusion for qualified bicycle commuting benefits to 30% of the monthly transit benefit amount. 4. Clarifying that there is no constructive receipt of the qualified bicycle commuting benefit by the employee. The bill aims to encourage and support employees who choose to commute by bicycle, providing tax benefits to employers who offer related reimbursements or provisions.