Bicycle Commuter Tax Credit Approved
For a long time, employers have provided public transportation options and tax-free parking for their workers. Now, bikers are able to enjoy benefits as well through a monthly tax credit, a measure that was added to the historic $700 billion economic bailout. Starting in January 2009, bicyclists can receive $20 a month from their employers. In turn, the employers can deduct the credit from their corporate taxes. Now bicycle commuters can replace their rock hard seat, flat tire, or save up for a new bike. However, backers of this bill found it bittersweet to have such a victory attached to the unpopular bail out. Read more.