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MAC -- in order for transit benefits to be able to be used for bike sharing, we need to get a determination from the IRS. We were looking to do so wrt Chattanooga, because TVA there offers federal transit benefits, but since we didn't get the contract, we didn't pursue it.

We did talk to a Congressional Office, and they believe that the law would need to be changed, that it wouldn't be strictly a matter of an IRS interpretation.

HOWEVER, in Chattanooga, the owner, technically, of the system, was to be the transit authority, and we thought we could get away with a bundling on that basis...

by Richard Layman on Jun 6, 2011 5:23 pm • link • report

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