On Oct 6, 8:22=A0pm, Kristian M Zoerhoff <kristian.zoerh...@[EMAIL PROTECTED]
>
wrote:
> On 2008-10-06, Ron Wallenfang <rwallenf...@[EMAIL PROTECTED]
> wrote:
>
>
>
>
>
> > On Oct 5, 10:00=A0pm, tkeats2...@[EMAIL PROTECTED]
(Tom Keats) wrote:
> >> In article
<93cc1e8f-21de-4212-90e4-0c1e779cc...@[EMAIL PROTECTED]
>,
> >> =A0 =A0 =A0 =A0 Ron Wallenfang <rwallenf...@[EMAIL PROTECTED]
> writes:
> >> > On Oct 5, 4:08 pm, "ZBicyclist" <ZBicycl...@[EMAIL PROTECTED]
> wrote:
> >> >> ON-TOPIC SECTION:
>
> >> >> A friend send me this link.
>
> >> >>http://www.bicycleretailer.com/news/newsDetail/1878.html
>
> >> >> "Employers of people who bike to work stand to gain a $20 per
month
> >> >> tax credit per cycling employee, according to the final version of
> >> >> the Wall Street bailout bill"
>
> >> As I read Mike's post, the tax credit wouldn't be applied
> >> to bicycle commuters, it would be applied toward /employers/
> >> of bicycle commuters. =A020 bux per cycle-commuting employee.
>
> > Agreed. =A0I should have said: every scoundrel who files a business
tax
> > return can claim the credit - for who knows how many employees.
>
> That's not how I understand the ceredit to work.
>
> I haven't read the bill yet, but the way I understand it, the credit is
> only applied to expenses the employer incurs to sup****t cycling
employees=
..
> If they spend $100 to put in a bike rack, that creditable. If they pay
> for gym member****ps so cyclists can shower, that would be creditable.
But
> they have to be able to show receipts for the expenses, same as for any
> other deductable expense. They don't get to make up a number and
magicall=
y
> rewrite their tax bill (there are other ways to do that, I'm sure).
>
> --
>
> Kristian Zoerhoff
> kristian.zoerh...@[EMAIL PROTECTED]
Hide quoted text -
>
> - Show quoted text -
I hope you're right. If I get ambitious, I might try to search out
the language. But then again, that would cost me some bike riding time!
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