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Old 06-03-03, 01:52 PM   #1
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Tax Break for commuting by Bike

Read this on Cycling News 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?
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Old 06-03-03, 02:21 PM   #2
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The Bike advocates have been fighting for this ever since they began offering tax breaks to bus riders and car poolers I hopep it gets through. Time to write our Senators about this.
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Old 06-03-03, 08:51 PM   #3
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I've been successful in getting a large hotel/resort company in backing this measure. There are about 6 to 15 bike commuters at the resort I work at along with an on site bike shop.
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Old 06-04-03, 02:57 AM   #4
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Sounds interesting. If it gets through in the US it's probably about five years from coming in in Australia (and about 40 years away for Queensland). Just imagine what all those "cyclists don't pay for the roads" redneck motoring primates are going to think of this one!
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Old 06-04-03, 03:58 AM   #5
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A tax break for bike commuters is long overdue. It really makes sense. But I'm not going to hold my breath.
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