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.

1.

Short title

This Act may be cited as the Bicycle Commuters Benefits Act of 2006.

2.

Extension of transportation fringe benefit to bicycle commuters

(a)

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: (D)Bicycle commuting allowance. . (b)

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: (F)

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. . (c)

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). (d)

Effective date

The amendments made by this section shall apply to taxable years beginning after December 31, 2005.