Congressman Paul Hodes Re-Introduces Carpooling Tax Credit Legislation

Press Release

As New Hampshire celebrates green commuting week, Congressman Paul Hodes reintroduced legislation that would give New Hampshire businesses a federal tax credit for encouraging their employees to carpool.

His legislation would create a tax credit for businesses for fifty percent of any amount they pay to their employees as part of a reimbursement program for carpooling to work. It will also allow state and local governments to participate as well, and they would receive additional annual funding for programs that encourage carpooling to the office.

"With gas prices beginning to rise as we approach Memorial Day, this tax credit could give New Hampshire commuters more incentives for carpooling which will help commuters save on gas costs, improve our environment and reduce our dependence on foreign oil that is hurting our economy and jeopardizing our national security," Congressman Paul Hodes said.

RideShare, a carpool matching service, with the New Hampshire Department of Transportation has been a successful program in providing carpooling options for New Hampshire commuters. Commuters seeking to use the program can contact them at http://www.nh.gov/dot/nhrideshare/.

Congressman Hodes introduced similar legislation during the 110th Congress.

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