Given the sharp rise in gasoline prices, has there been any discussion of raising the mileage reimbursement on travel?
New York State reimburses travel based on the mileage allowance established by the Internal Revenue Service. By adhering to this allowance, according to the Comptroller’s Office, reimbursements for mileage are not taxable to the employee. The IRS adjusts its rates based upon an annual study of the fixed and variable costs of operating an automobile. The rate is 55.0 cents a mile for all business miles driven beginning January 1, 2009. This is a decrease of 3.5 cents from the 58.5 cent rate that was in effect for the final six months of 2008.
