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Old 12-19-08, 12:04 PM   #1
KAckerson
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Bike Commuter Tax Credit

Hello,

This fall, as part of the federal bailout package, an unrelated piece of legislation was adopted by Congress. Starting January 1, 2009, employers can provide a transportation fringe benefit of $20 per month to employees that bike to work.

The legislation provides a tax incentive to tax-paying employers, but non-tax-paying employers like universities and cities may consider providing the credit to enhance employee morale, reduce insurance claims, and reduce transportation costs.

Does anyone know of cities that are providing a bike commuter credit as a result of this legislation?

Thanks!
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