Bicycle Commuter Act, Section 132 Plan.
#1
Thread Starter
Banned.
Joined: Sep 2008
Posts: 825
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From: Sioux City, Iowa
Bikes: Vision R40 Recumbent
Bicycle Commuter Act, Section 132 Plan.
My employer does not have a Section 132 Plan in place. It is my understanding this needs to be in place before employees can be reimbursed for expense. The plan is similar to the flex spending for medical expenses. The way it works is the employee pays into it and they are reimbursed from it, for bicycle commuters, up to $20 a month.
Right now my employer does not have a Section 132 Plan in place. They do how ever pay the monthly rates for those of use who work in the downtown building to park in the city ramp next to our building. The company pays this, not the employees. I am sure the company can claim it as a deduction of they get some sort of reimbursment at the end of the year.
My question is, if my company sets up the Section 132 Plan that employees will pay into if they commute by bicycle or use some other qualified method of transportation they could be reimbursed for would the company have to discontinue paying for that particular employee's monthly parking in the ramp?
Here is why I ask. 9 months of the year I can commute and would like to get reimbrused for the expenses of doing so. Would my company still be able to pay for my parkign in the ramp and offer the fringe benefot throught the Section 132 Plan? Or would this be considered double dipping?
Right now my employer does not have a Section 132 Plan in place. They do how ever pay the monthly rates for those of use who work in the downtown building to park in the city ramp next to our building. The company pays this, not the employees. I am sure the company can claim it as a deduction of they get some sort of reimbursment at the end of the year.
My question is, if my company sets up the Section 132 Plan that employees will pay into if they commute by bicycle or use some other qualified method of transportation they could be reimbursed for would the company have to discontinue paying for that particular employee's monthly parking in the ramp?
Here is why I ask. 9 months of the year I can commute and would like to get reimbrused for the expenses of doing so. Would my company still be able to pay for my parkign in the ramp and offer the fringe benefot throught the Section 132 Plan? Or would this be considered double dipping?
#3
Cycle Dallas
Joined: Jun 2005
Posts: 3,776
Likes: 11
From: Land of Gar, TX
Bikes: Dulcinea--2017 Kona Rove & a few others
From what I understand, (and I could be wrong) is that if you are already getting the mass transit benefit, you are not eligible for the bicycle commuting benefit. The Bicycle Commuting act was a rider on the Energy Conservation act or some such. The EC act allows for something like $60 a week for bus/train fare, so if your company participates in this then you'll get more by signing up for that.




