Oscar Molds For Chocolate

INCENTIVE $ $ FOR BIKE BIKE IN PR

In PR looks a tax reform. One of the many tools that governments of various countries have used to encourage bike use as a means of transportation are the tax incentives. The thought PRBC that provide benefits contibutivos the use of the bicycle as a means of transportation can motivate the general public to use more of the bike. Therefore, the PRBC has written a letter to the Honorable Antonio Silva, chairman of the Finance Committee of the House of Representatives asking him to submit a measure ofreceindo specific tax incentives for the bike. We encourage you to ask him personally to Mr. Silva to submit a bill with tax benefits for the bike. You can do this by calling at 787-721-3893, by sending an email to asilva@camaraderepresentantes.org , or writing a letter (this is most effective method of contact) to the address you see in the letter he sent the PRBC: Hon

Antonio Silva
Finance Committee Chairman


House of Representatives PO Box 902228 San Juan PR
Hon

00902-2228 Silva:

We are writing to ask you to submit a measure to offer tax incentives for the use of bicycles as transportation.

Law 22, Chapter XI, Section 11.02 states the public policy of the Commonwealth of Puerto Rico "provide conditions that enable and promote the use and enjoyment of the bicycle as a means of transport", and makes our government responsible for "motivating people and all citizens in general, to use the bicycle as a means of transportation."

greater use of bicycles as a means of transportation in Puerto Rico provide the following benefits to all Puerto Ricans:

• Economies costs: ownership, financing, operation, maintenance, and insurance of an automobile
• Reduction congestion, and accidents autmovilísticos (as well as deaths and injuries that often occur in such accidents)
• Reduction: noise pollution, air cotaminación, water pollution, contamination of buildings, public spaces pollution
• Reduction in weight problems and other health problems related to leisure and lack of exercise
• more kindness and respect in
• Neighborhood roads and safer public spaces
• An island more attractive, clean, safe, healthy and will attract many more tourists and foreign investment.

The economic benefit of these incentives is much more than the cost to the Treasury would incur because of their deployment. That is why in many countries, including EE. UU., Is implementing such incentives. A tone with this, we would suggest the following tax incentives for using bicycles as a means of transport:

1. SUT Exempt sales of all adult bicycles (bicycles with wheel circumference greater than 20 inches) at a price which consumer sales is less than six hundred dollars ($ 600) (the average sales price of a new bike in the USA. UU.)
2. exempt from SUT sales of bicycle helmets, and lights for cyclists (using both required by Act 22).
3. Provide a tax credit to all employers to provide bicycle racks ('bike racks' in English) for their employees in their workplace. The credit would be for 100% of the cost of acquisition and installation of the hangers, and apply to employers with ten (10) or more employees on the payroll.
4. Provide a tax credit to all employers to provide showers and lockers ('lockers' in English) for its employees expected to work by bike. The credit would be for 100% of the cost and installation of the showers and lockers, and apply to employers with ten (10) or more employees on the payroll.
5. Provide a tax credit to all developers to provide bicycle racks in vertical-owned residential developments with minimal occupation for twenty (20) families. The credit would be for 100% of the cost and installation of the hangers.
6. offer a tax deduction for the cost of the rate of Tren Urbano, the people who use a Bicitra permission to ride your bike on the Tren Urbano. The tax deduction would have a maximum of one hundred dollars ($ 100) annually.
7. offer a tax deduction for employers who buy bikes for business use of your business, where the bicycle is used directly to provide the service or product that the business offers. The deduction would be for a maximum two hundred fifty dollars ($ 250) per year per bike purchased.
8. offer a tax deduction employers who offer up to four (4) free annual breakfast for those employees who come to work by bike on days specifically designated by the employer as "day to go to work by bike." The deduction would be up to five dollars ($ 5.00) per employee, for breakfast. To receive the deduction, the employer would be required to allow all employees to participate in the 'day to go to work by bike. "

Can we count on your support to submit a measure containing these INCET cotributivos paa the use of bicycles as a means of transportation on the Committee you chair?

Sincerely, Jorge G.
Peredo
President
Puerto Rico Bicycle Coalition

cc: Mr. John C. Puig, Secretary, Department of Finance