Tax break for cycling commuters

Just spotted this in a US mag (hey, Im the boss!)

"The Bicycle Commuter Act would allow an employer to offer a monthl
cash reimbursement to an employee who commutes to work by bicycle
providing a tax benefit to the employer and helping defray commutin
expenses for the bicyclist."

http://www.bikeleague.org/educenter/hr1265.ht

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flyingdutch

flyingdutch Wrote:
Just spotted this in a US mag (hey, Im the boss!

"The Bicycle Commuter Act would allow an employer to offer a monthl
cash reimbursement to an employee who commutes to work by bicycle
providing a tax benefit to the employer and helping defray commutin
expenses for the bicyclist.

http://www.bikeleague.org/educenter/hr1265.htm
I have an idea that in Aus - employer could give allowance to employee
payment would be tax deductable expense for employer BUT employee woul
treat the payment as taxable income and pay tax on it at marginal rate

Steve(not a tax lawyer)

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SteveA

On 2005-08-05, flyingdutch (aka Bruce)
was almost, but not quite, entirely unlike tea:

Just spotted this in a US mag (hey, Im the boss!)

"The Bicycle Commuter Act would allow an employer to offer a monthly
cash reimbursement to an employee who commutes to work by bicycle,
providing a tax benefit to the employer and helping defray commuting
expenses for the bicyclist."

http://www.bikeleague.org/educenter/hr1265.htm

The good thing about being US's bitch, is that we'll hopefully pass
the same law.

Nope, will never happen.

POSTING ERROR: Not cynical enough!

--
TimC
pivot_root manpage: BUGS:
Some of the more obscure uses of pivot_root may quickly lead to insanity.

flyingdutch wrote:


Just spotted this in a US mag (hey, Im the boss!)

"The Bicycle Commuter Act would allow an employer to offer a
monthly cash reimbursement to an employee who commutes to work
by bicycle, providing a tax benefit to the employer and
helping defray commuting expenses for the bicyclist."

http://www.bikeleague.org/educenter/hr1265.htm

May George W keep falling off his bike then, and his little
Aussie deputy take up cycling!

(the other) John

On Fri, 5 Aug 2005 12:53:34 +1000, flyingdutch
wrote:


Just spotted this in a US mag (hey, Im the boss!)

"The Bicycle Commuter Act would allow an employer to offer a monthly
cash reimbursement to an employee who commutes to work by bicycle,
providing a tax benefit to the employer and helping defray commuting
expenses for the bicyclist."

There are several places that allow such for cycling and using public
transport. In Australia it is a fringe benefit and causes a nightmare
for companies to do.

dewatf.

SteveA Wrote:
I have an idea that in Aus - employer could give allowance to employee
payment would be tax deductable expense for employer BUT employee woul
treat the payment as taxable income and pay tax on it at marginal rate.

Steve(not a tax lawyer)A

There is another way - encourage your employer to provide secure bik
parking, shower and change facilities (like mine). A simple laundr
would also be nice (hint hint).

The costs associated with providing and maintaining bike friendl
infrastructure _is_ a deductable expense for companies (so the gov
subsidy is the company tax rate: 30% isn't it?) It would be even nice
if the government provided further tax incentives for employers t
provide services to its employees, but I think it would be complex
expensive and ultimately open to abuse (sadly).

Ritc

--
ritcho

ritcho Wrote:
There is another way - encourage your employer to provide secure bik
parking, shower and change facilities (like mine). A simple laundr
would also be nice (hint hint).

The costs associated with providing and maintaining bike friendl
infrastructure _is_ a deductable expense for companies (so the gov
subsidy is the company tax rate: 30% isn't it?) It would be even nice
if the government provided further tax incentives for employers t
provide services to its employees, but I think it would be complex
expensive and ultimately open to abuse (sadly).

Ritch

What is the actual tax-law-whatever for this?
Being my own boss means lobbying myself is easier
but hey, if i can screw Peter Costello (eewww. bad image) all th
better..

--
flyingdutch

flyingdutch Wrote:
What is the actual tax-law-whatever for this?
Being my own boss means lobbying myself is easier
but hey, if i can screw Peter Costello (eewww. bad image) all th
better...

There is no specific statute that I am aware. However, companies carr
on business using buildings, which they own or lease. Maintenance is
business expense as is depreciation. I know my employer will b
depreciating the two extra showers it installed in response to employe
wishes...

At least the company gets it for 30% less than the punter in th
street...

Ritch

FD, I don't know if you have a home-based business or use othe
premises, the rules governing which are why we have accountants. :

--
ritcho

ritcho Wrote:

FD, I don't know if you have a home-based business or use othe
premises, the rules governing which are why we have accountants.

own business. own the premises in CBD.

and no, the only reason we have accountants is bcos some people thin
things in this world are only worthy of consideration if it can b
measured or put into sad little excel spreadsheets.

Oh, and to make speedhumps... :rolleyes

--
flyingdutch

flyingdutch wrote:
but hey, if i can screw Peter Costello (eewww. bad image) all the
better...

you mean something like this?

http://www.bloggerheads.com/images/costello_howard.jpg

--
Peter McCallum
Mackay Qld AUSTRALIA