Bicycle Commuter Act of 2021

Senate Bill 1892 - Bicycle Commuter Act of 2021: Overview, Status, and Impact

Hozzl · 2023-01-11T13:49:59Z

Explore the details of Senate Bill 1892 Bicycle Commuter Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

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).

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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