Bicycle Subsidy Sample Clauses

Bicycle Subsidy. On January l, 2009, the qualified bicycle commuting subsidy was added to the list of qualified transportation fringe benefits covered in 26 U.S.C. § 132(f). The purpose of providing a bicycle subsidy option is to reduce motorized vehicular traffic, reduce air pollution. and promote employee health and wellness by encouraging employees to use non- motorized bicycles as their primary means of commuting to and from work. In furtherance of these goals, the Agency shall reimburse employees who regularly use a nonmotorized bicycle for their daily commute for a substantial portion of their travel. The subsidy shall not exceed $20 per month for qualified bicycle commuting expenses. a. Qualified bicycle commuting expenses include the purchase of a commuter bicycle, bike lock, bike parking/storage, bike upgrades (lights, racks), Repairs, and general maintenance. These expenses may also include personal safety and protective equipment and/or bicycle-share membership. These expenses are considered reasonable so long as the bicycle is regularly used (50 percent of daily commuting days or greater) for a substantial (50 percent or greater) portion of the distance between the employee's residence and place of employment. b. Pursuant to 26 U.S.C. § 132(f), the employer reimbursement schedule is the 12-month period beginning the first and ending the last day of each calendar year for reasonable expenses incurred. In order to receive the benefit, employees must submit an Initial Application, and an Annual Certification and Claim for Reimbursement Form, both of which are appended to this Article. An Annual Certification and Claim for Reimbursement Form shall be submitted each January for the preceding calendar year. c. An employee cannot claim the Bicycle Subsidy in any month in which the employee claims a qualified transit or parking subsidy. [Form attached as Appendix C]
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Related to Bicycle Subsidy

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