“A bill to amend the Internal Revenue Code of 1986 to modify employer-provided fringe benefits for bicycle commuting.”
No CRS summary available for this bill.
This section reinstates the tax exclusion for employer-provided qualified bicycle commuting fringe benefits (previously suspended through 2025 under IRC §132(f)(8)) and expands its scope for taxable years beginning after December 31, 2024. Specifically, it (1) broadens the definition of qualified bicycle commuting benefit to include employer reimbursements (over a 15-month period) or direct provision for the purchase (including finance charges), lease, rental (including bikeshare), improvement, repair, or storage of qualified commuting property—defined as non-motorized bicycles, electric bicycles (i.e., <750-watt motor, fully operable pedals, speed-limited to 20-28 mph, CPSC-certified), non-motorized 2- or 3-wheel scooters, or low-speed electric scooters (≤20 mph, ≤100 pounds); (2) increases the monthly exclusion limit to 30% of the limit for other qualified transportation fringe benefits (from $20); (3) eliminates special constructive receipt rules and employer deduction disallowances for such benefits; and (4) makes conforming amendments. (Thus, for 2025, the exclusion limit rises to $90 per month based on the $300 transportation fringe benefit limit.)