Section 827 of the bill defines the "Transportation Fringe Benefit to Bicycle Commuters."
It says: "The term 'qualified bicycle commuting reimbursement' means, with respect to any calendar year, any employer reimbursement during the 15-month period beginning with the first day of such calendar year for reasonable expenses incurred by the employee during such calendar year for the purchase of a bicycle and bicycle improvements, repair and storage, if such bicycle is regularly used for travel between the employee's residence and place of employment."
Bottom line: Employers could count as a deductible business expense a tax-free $20 monthly reimbursement to workers who bike to work.
