The new financial rescue package passed by Congress contains a fringe benefit for bike commuters that covers expenses for a bike, bike parking facilities, shower facilities, and bike maintenance. These benefits amount to $20 a month tax free employee benefit toward these bicycle related expenses This program can be combined with the State of Oregon Business Energy Tax Credit allowing employers to deduct up to 35% of similar expenses from a State tax liability. For nonprofits and agencies without a tax liability, the provision allows them to pass the deduction through a for-profit, which then returns a percentage of the amount back to the nonprofit...a great way to thank a supporting business.These two programs, in addition to the inherent savings from commuting by bike, provide a significant savings for employees and employers. When combined with the health benefits, environmental benefits and increased employee productivity, it is rare that a company can increase their productivity while lowering expenses. For more information call (541) 686-0876 or email here.
Is your company supporting the needs of cyclists who ride to work to save money, protect the environment and improve their work performance? See our Corporate page for ideas on why they should.
Check out estimated commute distance time zones from downtown Eugene here.
Paul Dorn’s site has great information to get you into commuting.
