Sorry to get you all excited–this is in the UK, not US. So maybe we’ll have something similar when the price of gas reaches $8 a gallon like it is there. Next year?
From The Guardian: http://www.guardian.co.uk/money/2008/jun/14/9
With Bike Week starting today, it is a good time to tell bosses how they can have a fitter workforce – courtesy of the taxman. The Institute of Chartered Accountants in England and Wales (ICAEW) says employers can help staff buy a bike out of their income before tax and national insurance, with the company picking up the VAT – almost halving the cycle’s list price. Equipment such as lights and helmets can be added in. The main rules are that the benefit must be available to all employees and, broadly, more than half of their journeys are travelling from home to work. Employers can also pay staff 20p a mile tax-free for using their own bicycles for business travel.
