Thanks to Arthur for the correction; it is an important distinction. Of course I meant there is no (tax) benefit to UW-Madison, since UW-Madison is the employer who could provide the benefit to the original poster of this thread, Robin.
Obviously, there are benefits other than tax reduction that arguably outweigh the costs (and they are the justification for UW to subsidize bus passes for its employees). But they probably won't prevail until there is no longer conflict between providing bus passes and bicycle commuter tax benefits. chuck -----Original Message----- From: Ross, Arthur Sent: Monday, January 04, 2010 12:42 PM To: [email protected] Subject: Re: [Bikies] Fed Tax Credit Chuck Strawser wrote <Another obstacle is cost. There is no benefit to the employer, only to the employee> My understanding is the opposite, employers benefit from offering the Bicycle Commuter Tax Benefit in the form of a reduction in their corporate income taxes. Thus there is no benefit to employers such as UW, State of Wisconsin, City of Madison, or even the BFW, since all are non-profits and do not pay corporate income taxes. For these employers, offering the Bicycle Commuter Tax Benefit would simply add to their costs. _______________________________________________ Bikies mailing list [email protected] http://lists.danenet.org/listinfo.cgi/bikies-danenet.org
