The $700 billion bailout plan was amazingly extended beyond wealthy bank CEOs to include bike commuting schlubs like myself via the Bicycle Commuter Tax Provision. However, I may be out of the money because I don’t regularly use my bicycle “for a substantial portion of the travel between the employee’s residence and place of employment.” If only I liked riding in the cold, rain and dark more.
Reimbursement is limited to $20 per month for each “qualified bicycle commuting month.” Hmm, if I just stepped it up in the summer I could at least take home a couple more Jacksons. All of which I would spend on these:
October 16th, 2008 at 4:02 pm
Money is money, but $20/month? Sheesh, how about a little more credit for the emissions we save.
December 19th, 2008 at 10:03 am
If you actually quantify the energy an average biker saves it would end up being much more than $20/month. But I guess it is a good start.