TOOL Establishing a Benefit Program for Bicyclists

Commuters keeping an eye on gas prices, or those who want to help cut air pollution or simply want to get some exercise, are ditching their cars and biking to work. What can employers do to aid the effort? A compliance note from Sibson Consulting has information that could help guide businesses in providing the benefit. The compliance note indicates that President Bush signed the Emergency Economic Stabilization Act, which contained a provision for a tax-preferred transit benefit for bicyclists. It’s effective January 1.