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Commuting by bike has always had its advantages. Now those perks could come in the form of tax breaks.
A draft law that was presented to Congress again at this session – first introduced in 2019 as the Bicycle Commuter Act – could give bicycle commuters a tax break. Another bill that E-BIKE law (Electric Bicycle Incentive Kickstart for the Environment), which was brought down last week, would also give e-bike riders a tax break.
The E-BIKE law introduced by representatives Jimmy Panetta (D-CA) and Earl Blumenauer (D-OR) essentially promotes the use of e-bikes as a means of transport without CO2 emissions.
“Compared to other modes of transport, e-bikes are recommended in the bill because they are cheaper and more accessible.” Bicycle dealer reports. The bill is required to change the 1986 Internal Revenue Code. If passed, new e-bike buyers can receive a tax credit of up to $ 1,500.
Also presented by Rep. Blumenauer, the Bicycle Commuter Act (HR384) although a different bill, has similar text and tax break incentives. Nineteen members of Congress support the bill, which was introduced and referred to the House on January 21, 2021.
All of this adds up to the fact that it might be worth it to be a more conscious commuter. Reduce your carbon footprint, exercise and get a tax break at the same time – simply by bike.
We’ll be listing updates here when either the bill passes the House, Senate, or becomes law.
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From Mary Murphy
Mary is based in GearJunkie’s Denver, CO office. She has degrees in English and Journalism and has been writing professionally for over four years. Her outdoor interests range from running to sport climbing, from landscape photography to pack paddleboarding. If she’s not writing, you can most likely find her on top of a fourteen or at a local bakery.