Bicycle Commuter Benefit Introduced Via Emergency Economic Stabilization Act

The Emergency Economic Stabilization Act of 2008 includes an amendment to IRS Code Section 132(f), introducing a new employer paid bicycle commuting fringe benefit.

Effective January 1, 2009, the new law allows employers to reimburse employees, on a tax-free basis, up to $20 per month, for certain bicycle commuting expenses.

The TDM (Transportation Demand Management) blog offers details, initial analysis and some thoughts on implementation of this new benefit.

Image: Creative Commons Photo "Bicycling in the Rain" by Hobvias Sudoneighm

Comments

[almostgotit]

Hoo-Ray!