Chrome Bike Backpacks and Messenger BagsBionX: Electrify Your BikeBike Tech Shop - The Experts on Cycling with CircuitryCygoLite Bike Lights: Engineered to ShinePlanet Bike: Better bike products for a better worldXtracycle Bike Cargo Kits, Parts and AccessoriesCommuter Bike Store Fuji TahoeRideKick Electric Powered Bike TrailerBanjo Brothers Affordable Cycling GearMiiR Bottles one4oneOrtlieb Bike Bags & PanniersUtility Cycling - Use Your Bicycle

Bike commuter benefits act of 2007

by Richard Masoner

Congressman Earl Blumenauer (D-OR) announced his plans to re-introduce the Bike Commuter Benefits Act. The bill would amend a section of the IRS code to include bicycles in the definition of transportation covered by fringe benefits. If passed, it would provide strong financial incentives for employees to bike to work. Currently, employers may offer a Transportation Fringe Benefit to their employees for commuting to work. Employees who take advantage of this benefit may receive a tax exemption benefit totaling $190/month for drivers participating in qualified parking plans, or $100/month for transit or van pooling. The Bike Commuter bill would add bicycling to the Transportation Fringe Benefit.

Similar bils have been introduced by Blumenauer and others in the recent past but have always languished in committee. Hopefully, the bill will get some traction in 2007.

Read more:

 
Burley nomad 229

2 Responses to “Bike commuter benefits act of 2007”

  1. pligg.com says:

    Bike Commuter Benefits Act….

    Congressman Earl Blumenauer (D-OR) announced his plans to re-introduce the Bike Commuter Benefits Act. This would create some great financial incentives for employees to begin cycling to work!…

  2. Anonymous says:

    what is the opposition to this bill?

Leave a Reply