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Bailout gives tax break to bicycle commuters

The $700 billion bailout bill intended to stop the tailspin of the nation’s financial sector did something else: It includes federal tax benefits for people who commute by bike.

Starting in January, workers who use two-wheelers as their primary transportation mode to get to and from work will be eligible for a $20-a-month, tax-free reimbursement from their employers for bicycle-related expenses. In return, employers will be able to deduct the expense from their federal taxes.

"It significantly legitimizes bicycling and elevates it to a credible commute mode, like riding a bus or train," said Andy Thornley, program director for the San Francisco Bicycle Coalition.

Rachel Gordon, Chronicle Staff Writer

Full Story: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/10/09/BA1D13DRO7.DTL

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