II
109th CONGRESS
2d Session
S. 2635
IN THE SENATE OF THE UNITED STATES
April 24, 2006
Mr. Wyden (for himself, Ms. Snowe, Ms. Cantwell, and Ms. Collins) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to extend the transportation fringe benefit to bicycle commuters.
Short title
This Act may be cited as the
Bicycle Commuters Benefits Act of
2006
.
Extension of transportation fringe benefit to bicycle commuters
In general
Paragraph (1) of section 132(f) of the Internal Revenue Code of 1986 (relating to general rule for qualified transportation fringe) is amended by adding at the end the following:
Bicycle commuting allowance.
.
Bicycle commuting allowance defined
Paragraph (5) of section 132(f) of such Code (relating to definitions) is amended by adding at the end the following:
Bicycle commuting allowance
The term bicycle commuting allowance means an amount provided to an employee for transportation on a bicycle if such transportation is in connection with travel between the employee’s residence and place of employment.
.
Limitation on exclusion
Paragraph (2) of section 132(f) of such Code is amended
by striking subparagraphs (A) and (B)
and inserting
subparagraphs (A), (B), and (D)
.
Effective date
The amendments made by this section shall apply to taxable years beginning after December 31, 2005.