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06-03-03, 01:52 PM
Read this on Cycling News (http://www.cyclingnews.com/news/?id=2003/jun03/jun03news) Scroll down to bottom
A Bicycle Commuter Act introduced into the U.S. Senate may give commuters an extra incentive to cycle to work in the way of tax benefits. The legislation was introduced by Olympia Snowe and Ron Wyden in an attempt to include bicycle commuters under the "transportation fringe benefit" tax code. The aim of the benefit is to try and have less people driving to work, especially if there are no other passengers in the car.
If successfully passed, the Act would allow employers to regularly reimburse their employees who cycle to work, and the employed would gain a tax benefit from this.
Interesting stuff huh?
A Bicycle Commuter Act introduced into the U.S. Senate may give commuters an extra incentive to cycle to work in the way of tax benefits. The legislation was introduced by Olympia Snowe and Ron Wyden in an attempt to include bicycle commuters under the "transportation fringe benefit" tax code. The aim of the benefit is to try and have less people driving to work, especially if there are no other passengers in the car.
If successfully passed, the Act would allow employers to regularly reimburse their employees who cycle to work, and the employed would gain a tax benefit from this.
Interesting stuff huh?