The $20 a month tax relief per bicycle commuting employee is to cover the costs of any employer reimbursement for reasonable expenses (purchase price of bike, upgrades, repairs, and storage costs) incurred by the cycling employee.
The Emergency Economic Stabilization Act of 2008 also known as H.R. 1424 cost the American people $850 billion.
H.R.1424: A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes
Section 211 - Allows employees to exclude reimbursements for bicycle commuting expenses from gross income. (因該是要由公司幫員工申請)