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Just imagine what that bike will look like 30 years. The chain tension will become dangerous, the tires will be droopy, and one crank will be a 175mm while the other remains a 165.
So i found a vintage Somec track frame with some small parts for sale :) thinking about picking it up depending what he wants for it. Whats a good price you guys think? Comes with a BB, HS and the fork.
It looks like it's in the body shop, mid-block sanding stage. And that wine bottle, bit too trendy fer me. Looks like someone with too many DUI's bike. I do like the dropouts tho.
The Bicycle Commuter Act that gives companies tax breaks for offering fringe benefits to bicycle commuters was passed by the House of Representatives on Friday as they approved the $700 billion financial bailout plan by a 263-171 vote.
President Bush signed the bailout into law right away.
The Bicycle Commuter Act gives employers $20 a month tax relief for each employee who bicycles to work. It covers the cost of employer reimbursements to employees for buying, improving or repairing a bicycle or paying for bike parking. It starts in 2009.
It was first introduced some seven years ago by Congressman Earl Blumenauer of Portland. The Democrat opposes the bailout and voted against it on Friday, putting himself in the inenviable position of voting against his pet project.
Analysts had said $110 billion worth of tax breaks and spending provisions were added to the bailout bill to gain support from opponents in the House. The gambit apparently worked, as enough Congressmen changed their "no" votes to allow the bailout bill to pass.
The group Taxpayers for Common Sense spotted the section on the Bicycle Commuter Act in bill passed by the Senate on Wednesday. It is estimated to cost $10 million.
It's an extension of a transportation fringe benefit law that give tax breaks to employers for setting up car pools, van pools, and other plans for reducing traffic congestion. According to the taxpayer group, the bicycle commuter act encourages employers to reimburse bicyclists for
"the purchase of a bicycle and bicycle improvements, repair, and storage, if such bicycle is regularly used for travel between the employee's residence and place of employment."
Discussion on the new section of the Bailout Plan. Bicyclers rejoice!
“(a) In General- Paragraph (1) of section 132(f) is amended by adding at the end the following:
`(D) Any qualified bicycle commuting reimbursement.’.
(b) Limitation on Exclusion- Paragraph (2) of section 132(f) is amended by striking `and’ at the end of subparagraph (A), by striking the period at the end of subparagraph (B) and inserting `, and’, and by adding at the end the following new subparagraph:
`(C) the applicable annual limitation in the case of any qualified bicycle commuting reimbursement.’.
(c) Definitions- Paragraph (5) of section 132(f) is amended by adding at the end the following:
`(F) DEFINITIONS RELATED TO BICYCLE COMMUTING REIMBURSEMENT-
`(i) QUALIFIED BICYCLE COMMUTING REIMBURSEMENT- The term `qualified bicycle commuting reimbursement’ means, with respect to any calendar year, any employer reimbursement during the 15-month period beginning with the first day of such calendar year for reasonable expenses incurred by the employee during such calendar year for the purchase of a bicycle and bicycle improvements, repair, and storage, if such bicycle is regularly used for travel between the employee’s residence and place of employment.Fuck yes
`(ii) APPLICABLE ANNUAL LIMITATION- The term `applicable annual limitation’ means, with respect to any employee for any calendar year, the product of $20 multiplied by the number of qualified bicycle commuting months during such year.
`(iii) QUALIFIED BICYCLE COMMUTING MONTH- The term `qualified bicycle commuting month’ means, with respect to any employee, any month during which such employee–
`(I) regularly uses the bicycle for a substantial portion of the travel between the employee’s residence and place of employment, and
`(II) does not receive any benefit described in subparagraph (A), (B), or (C) of paragraph (1).’.
(d) Constructive Receipt of Benefit- Paragraph (4) of section 132(f) is amended by inserting `(other than a qualified bicycle commuting reimbursement)’ after `qualified transportation fringe’.
(e) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2008.”
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