Bill > HR3936

This bill aims to reinstate and expand employer-provided fringe benefits for bicycle commuting by modifying the Internal Revenue Code. Specifically, the bill reestablishes tax-free benefits for employees who use bicycles, electric bicycles, and certain types of scooters for commuting. Employers can now provide financial reimbursements or direct provisions for purchasing, leasing, renting, improving, repairing, or storing qualified commuting property like bicycles and electric bicycles. The bill defines "qualified commuting property" to include non-motorized and electric bicycles and scooters with specific technical specifications, such as having fully operable pedals, a seat, and electric motors under 750 watts with speed limitations. The bill allows employers to provide up to 30% of the monthly transportation fringe benefit dollar amount for bicycle commuting benefits and removes previous restrictions on constructive receipt. These changes will apply to taxable years beginning after December 31, 2024, effectively encouraging more environmentally friendly and health-conscious commuting options by providing tax incentives for both employers and employees.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3936/all-info