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Schumer Proposes Tax Break for People Who Use Bike Share Programs to Get to Work

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TWC News: Schumer Proposes Tax Break for People Who Use Bike Share Programs to Get to Work
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While Citi Bike deals with an uncertain financial future, Sen. Charles Schumer is pushing to keep more money in the pockets of New Yorkers who use the bike share program to commute.

Schumer is introducing an amendment to pending tax legislation that would provide a tax break for people who use bike share programs to get to work.

Riders would be allowed to deduct $20 a month from their income for tax purposes if they have an employer-provided bike share membership.

A similar program already covers mass transit, parking and other costs associated with commuting.

The senator said he is hoping this will spur employers to offer free annual Citi Bike memberships, currently worth $95 a year.

The Citi Bike program has been under increased scrutiny recently amid word that although popular with many regular users, the program is not bringing in enough revenue.

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