The Bikester Bailout?

Folks who know me also know that I love bikes. If the bailout does not sit well with all you bikers out there, this may help. The Emergency Economic Stabalization Package (aka Bailout Bill), includes a clause which provides employers a tax credit for cyclists who commute to work.

"Come January, bike commuters will receive a monthly credit of up to $20 that can be spent on maintaining, repairing or buying bicycles."

“It’s a pretty small victory. But this gives a lot of people around the country the ability to walk into their human resources office or their manager’s office and ask for the credit. It helps move the conversation forward.”

From NY Times article.

To see the actual statute click below. It is section 211 located on pgs. 205-207.

Bailout Statute, Full Text