On Saturday, May 31, GO Bike Buffalo hosted its first Skyride; a 29 mile group bicycle tour across the Buffalo Skyway and the city’s historic landmarks, to showcase the city’s growing bicycle community and infrastructure.
Over 800 cyclists participated in the event which started and finished with an outdoor celebration at Canalside. Proceeds from the event will go towards funding of Buffalo’s bicycle infrastructure. The city plans on adding at least ten miles per year in bike lanes and U-shaped bicycle racks will also be installed across the city.
Did you know that biking has some added benefits besides physical fitness? Check this out…
It is no secret that cycling offers many benefits to the environment and one’s health. Therefore, the Federal government has extended transportation benefits in section 132(f) of the Internal Revenue Source Code to include bicycle commuting beginning with the 2009 fiscal year.
Employees may expense $20 per month in bicycle related expenses including purchase of a bicycle and its improvements, repairs, and storage. Because this is a commuting benefit, employees may only expense bicycle, transit, or parking for a commuting month. Note that the reimbursement is a fringe benefit paid by the employer to the employee. Employees may not claim this benefit with pre-tax income.
Commercial property owners can benefit from cycling too… they can install bicycle infrastructure to facilitate a bike-friendly work environment. Bicycle commuters take cars off the road, thus freeing up additional space on site for vehicle parking. Fixed outdoor bicycle racks also qualify section 1250 property under the land improvement classification with a depreciable life of 15 years.
Good to know that biking can lead to improvements in your health, well being and your wallet! For more information about Go Bike Buffalo, check out their website: gobikebuffalo.org