A bill introduced by the United States House of Representatives in April would allow Americans to spend up to $1,000 in pre-tax dollars in a “flex-spend” account for the purchase of “qualified sports and fitness expenses.”
The Public Health Investment Today (PHIT) Act of 2009 (H.R. 2105, cleverly known as the “fit” bill) was introduced by Congressman Ron Kind (D-WI) and lists 12 co-sponsors, including Portland’s own Rep. Earl Blumenauer.
According to Rep. Kind’s Press Secretary Leah Hunter, up to $250 of the purchase of a new bicycle would qualify for the deduction.
