Federal bailout for bicycles?

[accadacca]

EPIC FAIL...Feds are giving out a $20 dollar tax credit per month to anyone who rides their bike to work.

http://blogs.citypages.com/blotter/2009/01/federal_bailout.php

[stefan]

hell i bike to work everyday of the year ... i wouldn't argue with the refund. :haha:

[stefan]

Bailout gives tax break to bicycle commuters
Rachel Gordon
San Francisco Chronicle


(10-08) 19:16 PDT -- The $700 billion bailout bill intended to stop the tailspin of the nation's financial sector did something else: It includes federal tax benefits for people who commute by bike.

Starting in January, workers who use two-wheelers as their primary transportation mode to get to and from work will be eligible for a $20-a-month, tax-free reimbursement from their employers for bicycle-related expenses. In return, employers will be able to deduct the expense from their federal taxes.

"It significantly legitimizes bicycling and elevates it to a credible commute mode, like riding a bus or train," said Andy Thornley, program director for the San Francisco Bicycle Coalition.

The money could be used to purchase, store, maintain or repair bikes that are used for a substantial portion of an employee's commute.

Bike advocates have been trying for seven years to get such a provision passed in Washington, but came up short until Congress rushed through the Wall Street bailout package last week and lawmakers squeezed in pet projects. The bicycle benefit was championed by members of the Oregon delegation.

Backers estimate that the federal tax rolls may lose out on about $1 million a year due to the new employer write-off, according to the advocacy group League of American Bicyclists.

Willy Dommen, 49, regularly rides his bike from his San Anselmo home to his job as a management technology consultant in San Francisco's Financial District. He said the $20-a-month perk for cyclists won't amount to much in term of covering actual expenses. But, he said, it will help raise awareness of bicycling, "and that recognition is great."

San Francisco Supervisor Ross Mirkarimi plans to introduce an amendment to a law he sponsored earlier this year that requires all but the smallest businesses in the city to provide their employees with incentives to get them out of their cars and onto transit.

Under the city law, which will take affect next summer after a six-month public education period, employers with 20 or more employees will have to offer their workers transit passes or vanpool reimbursements or offer them door-to-door shuttle service, or set up a program in which employees could tap into an existing federal program that provides tax breaks for those who commute on transit. Mirkarimi hopes to add the new fringe benefit for bicyclists as an acceptable alternative.

"It's another opportunity to encourage good commuting habits," he said.

The federal bike bill would not allow participants to tap into both the transit credit and the bike reimbursement.

[Sombeech]

So, what is it, every day of the week? What about weather? Do you still get the credit if it's 3 days a week, or is this completely up to the employer?

This is doable for me, as I'm only about 2 miles from work, but @ once a week I need to drive to trainings / meetings.

Will I need to get my hand stamped by the bike cop each day?

Will I need to smile at the security camera each day and point to my helmet?

The bottom line is, this damned program is going to cost the government so much money. It's not the 20 bucks that will cost so much, it's the freaking PROGRAM. These things cost millions to establish.

$20 a month isn't anything to "encourage" people to start riding.

Even if you start, you'll do it for 2 weeks then realize it's not worth it to come near death on the road.

Just let the bikers gain their own reward in saved gas money. Keep the government out of it.

[KapitanSparrow]

$20 a month isn't anything to "encourage" people to start riding.


You said it. Quitting smoking saves more money.

[Deathcricket]

So, what is it, every day of the week? What about weather? Do you still get the credit if it's 3 days a week, or is this completely up to the employer?

This is doable for me, as I'm only about 2 miles from work, but @ once a week I need to drive to trainings / meetings.

Will I need to get my hand stamped by the bike cop each day?

Will I need to smile at the security camera each day and point to my helmet?

The bottom line is, this damned program is going to cost the government so much money. It's not the 20 bucks that will cost so much, it's the freaking PROGRAM. These things cost millions to establish.

$20 a month isn't anything to "encourage" people to start riding.

Even if you start, you'll do it for 2 weeks then realize it's not worth it to come near death on the road.

Just let the bikers gain their own reward in saved gas money. Keep the government out of it.

Quoted for agreement. Exact same questions I had. Frigging retarded to enforce.

[Joe Gardner]

I had a boss who used to hand out $5 cash each time you commuted to work.

The first week, I think he handed out a few hundred bucks, by the time the policy was a year old, it was just me and another guy, collecting ~$100 cash a month. We both kept the government out of it... if ya know what i mean. ;)

[Sombeech]

We both kept the government out of it... if ya know what i mean. ;)

:lol8:

Now, $5 each time would be better, just for that immediate payoff. But on a monthly basis, only to give up 3 weeks into it...