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Posts tagged ‘bailout’

Bicycle Commuter Tax Credit!

While most Americans vehemently disagreed with last week’s bailout bill (and rightfully so), there were some green additions that were pleasantly surprising. One addition was the Bicycle Commuter Tax Credit, which gives employers of those who travel to work on their bikes a $20/month tax credit. According to Bicycle Retailer and Industry News, the tax credit is meant to go towards “the cost[s] of any employer reimbursement for reasonable expenses incurred by the employee “ ‘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.’ ” Hopefully, this will convince lots of employers to put showers in their office buildings to accommodate potentially sweaty commuters.

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