US Cycle to work benefit could be scrapped - News

Search News

Results: 1-10 of 212

US Cycle to work benefit could be scrapped

20 Nov 2017

Cyclists will be punished in the tax overhaul
Read more…

Invest in segregated cycleways to increase cycling, say studies

14 Nov 2017

80% of people want to see safer cycleways
Read more…

Bicycle maintenance guide: Chains, wear and replacement

8 Nov 2017

Cytech master technician Graeme talks you through chains
Read more…

Santander Cycles get a design overhaul

31 Oct 2017

New look TfL bikes

Read more…

All Terrain Cycles launches dedicated women's cycle store

12 Oct 2017

‘Yorkshire Lass' offers range of women's only products
Read more…

Significantly more independent stores opening compared to chains

11 Oct 2017

More independents opened in first half of 2017 vs 2016
Read more…

Free bike hire to mark World Mental Health Day

9 Oct 2017

British Cycling and Mobike mark World Mental Health Day with free bike hire
Read more…

100,000 riders take part in traffic-free HSBC UK City Rides

4 Oct 2017

Thousands took part in this year's events
Read more…

US Cycle to work benefit could be scrapped

Posted on in Cycles News

A tax plan released in the US this week does away with the cycle to work initiative that allows employers to reimburse workers, tax free, up to $20 per month for expenses related to bike commuting.

cycle pathThe Bicycle Commuter Benefit was created in 2009 as a way to encourage more people to commute by bike in the US. It does so by allowing any employer to provide a reimbursement of up to $240 each year in tax benefits for ‘reasonable expenses' such as bike maintenance, clothing and accessories or even towards the cost of the bike.

But if the latest proposals by the Senate are accepted, this could soon come to an end.

The latest tax bill put forward by Senate Republicans includes the elimination of the Bicycle Commuter Act.

"For some reason, the voters of this bill want to eliminate a not-costly benefit that has many other positive benefits associated with it," said Ken McLeod, policy director at the League of American Bicyclists, a Washington, D.C.-based advocacy group.

The tax benefit costs the federal government about $5 million a year. Employers are not required to offer the benefit, but may choose to do so. Neither the employer nor the employee are taxed on payroll or income for the reimbursement.

People who drive to work currently get up to $255 a month to put toward parking. Yet under the Senate plan, bicycling is the only transportation-related benefit targeted for elimination.

"I don't know why this is the target," McLeod said. "We think if one benefit is touched, all should be touched. If not, we're going to fight hard to keep it in, or get it back in, so that bicyclists can benefit just like every transportation user."

"The bike commuter benefit can either be reinstated through an amendment in the Senate or when the House and Senate bills are reconciled in conference.

"We'll be looking for every avenue to reinstate the benefit and ensure that it survives conference."

Over the weekend, the League of American Bicyclists called on its members to reach out to Congress and speak against the elimination of the benefit. Around 1,200 people contacted the Senate Finance Committee, McLeod said.
President Trump has said that he hopes to have the plan finalized and approved by the end of the year.


Add a comment

The ACT will not share your email address with anyone and it will not be published on the website.