Biking in 2009

A recent USA Today article on biking to work included an interesting fact. Beginning in January of 2009, companies can earn a tax credit of up to $20 per month for each employee who commutes by bicycle under the Bicycle Commuter Act.

This tax credit has companies all over the country offering incentives to their employees to encourage cycling. From Discovery Communications in Maryland to New Resource Bank in California, companies are offering money to their employees to purchase, repair, or maintain a bicycle.

If more exercise or fewer carbon emissions are one of your New Year’s resolutions, ask your company about this and make sure they know about the tax credit. For more on the Bicycle Commuter Act, visit The League of American Bicyclists’ Bicycle Commuter Act FAQ.

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