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Biking benefit coming Jan. 1, despite confusion
December 15, 2008 /
It was one of the more quirky provisions attached to the $700 billion financial bailout plan: a $20 monthly benefit for employees who regularly bike to work.
The bike commuter benefit is scheduled to go into effect Jan. 1, but one of the main problems is few companies are ready to implement it. Several say they don’t even know how it would work, and they need guidance from the Internal Revenue Service, which is unlikely to arrive before year-end.
By Susan Chandler | Tribune reporter
Full Story: http://www.chicagotribune.com/features/lifestyle/green/chi-mon-bike-commuter-benefit-dec15,0,1747898.story
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