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Bicycle Commuter Act of 2021

1/11/2023, 1:49 PM

Congressional Summary of S 1892

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).

Current Status of Bill S 1892

Bill S 1892 is currently in the status of Bill Introduced since May 27, 2021. Bill S 1892 was introduced during Congress 117 and was introduced to the Senate on May 27, 2021.  Bill S 1892's most recent activity was Read twice and referred to the Committee on Finance. as of May 27, 2021

Bipartisan Support of Bill S 1892

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
4
Democrat Cosponsors
4
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 1892

Primary Policy Focus

Taxation

Potential Impact Areas

- Commuting
- Employee benefits and pensions
- Hybrid, electric, and advanced technology vehicles
- Income tax exclusion
- Lease and rental services
- Motor vehicles
- Pedestrians and bicycling

Alternate Title(s) of Bill S 1892

Bicycle Commuter Act of 2021
A bill to amend the Internal Revenue Code of 1986 to modify employer-provided fringe benefits for bicycle commuting.
Bicycle Commuter Act of 2021

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