Tax Break For Biking to Work
Attached to the recent bailout billl that was approved in Congress is a $20 tax break for bicycle commuters, here's an article in the Contra Costa Times with our own Robert Rayburn. (...oops I meant Raburn)
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Tax Break For Biking to Work
BICYCLE COMMUTER ACT - Since 2004 EBBC has pushed for bicyclists to receive similar benefits that are offered to transit users and people who drive to work. It’s been a long time so please excuse us if we were surprised when Congressman Earl Blumenauer of Oregon included a bike commuter benefit provision in HR1424, the $700 billion bank bailout package approved by Congress in early October.
“We are delighted that the bicycle commuter benefits act has passed after a lengthy and persistent campaign spearheaded by Congressman Blumenauer (D-OR),” said League of American Bicyclists President Andy Clarke. “It’s an equitable and sensible incentive to encourage greater energy independence, improve air quality and health, and even help tackle climate change. Starting in 2009 bicycle commuters may be reimbursed by employers for up to $20 per month for “reasonable” expenses related to their bike commute, including equipment purchases, bike purchases, repairs, and storage if the bicycle is used as a “substantial part” of the commuter's trip to work for the month.
The benefit is not available to commuters who claim tax-free benefits for driving or taking transit.
[g2:306 size=55 class=left]Executive Director
tel: 510-533-RIDE (7433)
Fruitvale Village, 3301 E12th, Suite 143
Promoting bicycling as an everyday means of transportation and recreation