Monday, October 13, 2008

Bicycle Commuter Act

Not sure how this is going to help with the financial crisis, but the bicycle commuter act finally passed as part of the bailout bill.

(i) QUALIFIED BICYCLE COMMUTING REIMBURSEMENT- The term `qualified bicycle commuting reimbursement' means, with respect to any calendar year, any employer reimbursement during the 15-month period beginning with the first day of such calendar year for reasonable expenses incurred by the employee during such calendar year for the purchase of a bicycle and bicycle improvements, repair, and storage, if such bicycle is regularly used for travel between the employee's residence and place of employment.

The full text is available on the League of American Bicyclists website.

1 comment:

Anonymous said...

Good news.
Thank you for the heads up.
My employer sponsors car pools. I will talk to my HR rep right away, raise awareness about this new law and push for incentives for bicycle commuters.