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Business mileage reimbursement rates for a personal vehicle have changed effective January 1, 2006.

Mileage reimbursement is currently based on the rate established by the federal government.

http://www.irs.gov/newsroom/article/0,,id=151226,00.html

Effective January 1, 2006, the reimbursement rate for usage of a personal vehicle for College business decreased from $0.485/mile to $0.445/mile. Business mileage accrued on and after this date is reimbursable at this new rate.
Mileage accrued between September 1, 2005 and December 31, 2005 is reimbursable at the previous $0.485/mile rate.
Ithaca College encourages travelers to use a college car whenever possible.

For additional travel related questions please contact Tami Hastings at 274-1480 or via e-mail at tlhastings@ithaca.edu.

Business Mileage Reimbursement Rates for a Personal Vehicle | 0 Comments |
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