Bicycle Commuter Act of 2023
- Last Action
- 5/18/2023
Actions
- 2023-05-18Read twice and referred to the Committee on Finance.
- 2023-05-18Introduced in Senate
CRS Summary
As of 2023-05-18 (00)
Bicycle Commuter Act of 2023
This bill reinstates and expands the tax exclusion for employer-provided fringe benefits for bicycle commuting. It allows employees a bicycle commuting benefit equal to 30% of parking fringe benefits.
The bill repeals the suspension period (2018-2025) applicable to such tax exclusion and revises definitions applicable to bicycle commuting benefits to make electric bicycles and certain scooters eligible for the tax exclusion.
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.