League of Michigan Bicyclists

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Bicycle Commuter Tax Provision

On January 1, 2009, the qualified bicycle commuting reimbursement was added to the list of qualified transportation fringe benefits covered in section 132 (f) of the Internal Revenue Service Code.

The Bicycle Commuter Act was in front of Congress for seven years, and finally passed as an inclusion to the larger Renewable Energy Tax Credit legislation in 2008. The original intent of the provision was to provide a simple, equitable solution to put cyclists on the same footing as people who receive qualified transportation benefits (QTF)'s for taking transit or driving (or parking, actually) their cars to and from work. It was intended that the bike commuting benefit would be treated the same as the other QTF's.

The total anticipated cost of the provision, estimated by the Joint Committee on Taxation, is a very modest $1 million per year, as compared to the $4.5 billion annual cost of parking and transit benefits.


Frequently Asked Questions:

Visit the League of American Bicyclists for FAQ and updated information on the Bicycle Commuter Tax Provision.


Download LMB's Bike Commuter Internal Guidelines:

Files:
Bicycle Commuter Tax Provision Guidelines

LMB's reimbursement policy for the Bicycle Commuter Tax Provision.



Date
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Date 2010-02-09
Filesize 218.5 KB
Download 2945








    

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