When I read the news, I thought the blogosphere was lying to me but it turns out NPR posted something so it must be true, right? Well it is official! According to a new federal law enacted as part of the $700 billion financial bailout entitled the “Bicycle Commuter Act” companies can receive a $20/month tax credit per commuting employee. The money can be passed down to the employees or used in some other bike friendly way…one hopes. It sounds great for bike friendly business owners, but I have my doubts about larger companies.
[Hear more via Minnesota Public radio here.]