the speed of such scooter exceeds 20 miler per hour (or if the speed of such scooter is not capable of exceeding 20 miles per hour) and the weight of such scooter does not exceed 100 pounds. (iii) Electric bicycle The term electric bicycle means a bicycle which is equipped with fully operable pedals, a saddle or seat for the rider, and an electric motor which is less than 750 watts, designed to provide assistance in propelling the bicycle, and— (I) does not provide such assistance if the bicycle is moving in excess of 20 miler per hour, or (II) if such motor only provides such assistance when the rider is pedaling, does not provide such assistance if the bicycle is moving in excess of 28 miles per hour. (iv) Bikeshare The term bikeshare means a rental operation at which qualified commuting property is made available to customers to pick up and drop off for point-to-point use within a defined geographic area. . (c) Limitation on exclusion Section 132(f)(2)(C) of such Code is amended to read as follows: (C) 30 percent of the dollar amount in effect under subparagraph (B) per month in the case of any qualified bicycle commuting benefit. . (d) No constructive receipt Section 132(f)(4) of such Code is amended by striking (other than a qualified bicycle commuting reimbursement) . (e) Conforming amendments (1) Section 132(f)(1)(D) of such Code is amended by striking reimbursement and inserting benefit . (2) Section 274(l) of such Code is amended by striking paragraph (2). (f) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2022.