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  1. #1
    John Galt
    Reputation: cegrover's Avatar
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    Bailout has commuter benefits...

    I'm not a bicycle commuter, but noticed that the bailout package passed today has some tax credits for companies reimbursing bike commuters. Here's the full text. If you hit control F and search for bicycle, you'll find it.

    http://banking.senate.gov/public/_fi...O08C32_xml.pdf

  2. #2
    I Ride for Donuts
    Reputation: CommuterBoy's Avatar
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    Looks like if the company is enrolled in the program, we are eligible for no more than 20 bucks a month of incentive money. I guess that's something...
    You have no excuse for driving to work
    (unless you don't have studded tires)
    (no excuse for that either)

  3. #3
    mtbr member
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    so how does one's company enroll.. I spend more than that a month on parts for the bike, but it is something.

  4. #4
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    New question here.

    This is a fairly old post, but I will resurrect it to see if anybody has experience with the new bicycle commuter tax provision. It allows for a $20 reimbursement per month. Other than that, they leave it pretty open for how each company chooses to administer it.

    I am wondering if anyone is actually taking advanatge of it within their company? If so, what are the specific details of the program your comany is following? Or better yet, if you had some role in helping your company get a program in place, how did you go about doing that.

    Here is some additional links on the matter:


    [SIZE=2]http://www.bikeleague.org/news/100708adv.php[/SIZE]
    [SIZE=2][/SIZE]
    [SIZE=2]http://www.bikeleague.org/news/100708faq.php[/SIZE]

  5. #5
    mtbr member
    Reputation: dir-T's Avatar
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    I asked my accounting and HR folks about this within days of it becoming available. They told me that the company won't participate due to lack of interest. Apparently only myself and one other person asked about it. I guess the Co thinks they wouldn't get enough of a tax break to cover the costs of administering the program.

    I expected much more out of my company, one of the largest environmental consulting firms in the country

  6. #6
    mtbr member
    Reputation: Bike_Muchacho's Avatar
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    Oops. Looks like there was already a newer thread running on this subject. Probably need to redirect back to that thread.

    Tax Credit for Bike Commuters

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