This provides each qualified student or employee five $100 vouchers to spend at participating local bicycle shops. The vouchers may be used toward the purchase of a bicycle or toward gear and accessories to outfit a bike that the employee or student already owns. Program participants will also receive 10 single-day parking permits that may be used when participants need to drive to campus, plus the opportunity to purchase up to 40 additional single-day permits per fiscal year. (Single-day permits are intended to be used on days when bicycling is not a feasible option and are not intended to take the place of a regular vehicle parking permit.)
Those who accept a voucher must return any current parking permit to Transportation Services and sign a two-year car-free commitment, making them ineligible to purchase a new motor vehicle parking permit for two full fiscal years. This program is not for you if you cannot make this long-term commitment and think you may want a motor vehicle parking permit due to a change in circumstances. Emergency appeals will be reviewed on an individual basis and will require full repayment of the portion of the voucher used by the recipient.
The vouchers and complimentary single-day permits are considered a taxable fringe benefit under the Tax Cuts and Jobs Act of 2017. Taxes will be withheld from participating employees' paychecks upon redemption of the vouchers and acceptance of the single-day permits.
The Bike Voucher Program is limited to two years, and previous participants may not reapply.