110 HR 1498 IH: To amend the Internal Revenue Code of 1986 to extend the U.S. House of Representatives 2007-03-13 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 110th CONGRESS 1st Session H. R. 1498 IN THE HOUSE OF REPRESENTATIVES March 13, 2007 Mr. Blumenauer (for himself, Mrs. Capps, Mr. Hinchey, Mr. Moran of Virginia, Mr. McGovern, Mr. Snyder, Mr. Ruppersberger, Mr. McDermott, Mr. Farr, and Mr. Capuano) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to extend the transportation fringe benefit to bicycle commuters.

1.

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, 2007.