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Tuesday, May 29, 2007
Support HR 1498
Support HR 1498, the transportation fringe benefit to bicycle commuters! Read the full text and details here. Tax breaks for cyclists!
`(F) BICYCLE COMMUTING ALLOWANCE- The term `bicycle commuting allowance' means an amount provided to an employee for transportation on a bicycle if such transportation is in connection with travel between the employee's residence and place of employment.'.
Too late for this year, though:
(d) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2007.
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