13
Oct
08

The Bicycle Commuter Act

Next year, employers who provide bike friendly facilities, i.e. parking, maintenance facilities, and other commuting support can deduct up to $20 a month per participating emplyee from their taxable income.

SEC. 211. TRANSPORTATION FRINGE BENEFIT TO BICYCLE COMMUTERS.
(a)
In General- Paragraph (1) of section 132(f) is amended by adding at the
end the following:(a) In General- Paragraph (1) of section 132(f) is
amended by adding at the end the following:’(D) Any qualified bicycle
commuting reimbursement’. …

The $20 bike benefit, should employers actually make the effort to
create a program for their cycle commuters, compares rather poorly to
the $115 mass-transit benefit already available, or the subsidies
nearly double that aimed at helping those who drive to work.

Read here for the entire review, hidden amongst our bailout package.

Advertisements

0 Responses to “The Bicycle Commuter Act”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


October 2008
M T W T F S S
« Sep   Nov »
 12345
6789101112
13141516171819
20212223242526
2728293031  
Crowdsourcing Crisis Information

%d bloggers like this: