Bicycle Commuter Act of 2021
- Last Action
- 5/27/2021
Actions
- 2021-05-27Read twice and referred to the Committee on Finance.
- 2021-05-27Introduced in Senate
CRS Summary
As of 2021-05-27 (00)
Bicycle Commuter Act of 2021
This bill modifies provisions relating to the tax exclusion for employer-provided fringe benefits for bicycle commuting. Specifically, the bill (1) repeals the suspension (for the period between 2018 and the end of 2025) of the exclusion, (2) includes bikeshare (a bicycle rental operation providing for pick up and drop off) and low-speed electric bicycle within the definition of bicycle for purposes of the exclusion, and (3) modifies the limitation on the exclusion to provide for a specified monthly limitation amount (i.e., 30% of the parking fringe benefit amount).
Cosponsors (4)
- Ron Wyden (D-OR)
- Ben Cardin (D-MD)
- Bob Casey (D-PA)
- Alex Padilla (D-CA)
Subjects
- Commuting
- Employee benefits and pensions
- Hybrid, electric, and advanced technology vehicles
- Income tax exclusion
- Lease and rental services
- Motor vehicles
- Pedestrians and bicycling
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.