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One for the Books — Oregon To Tax Bicycles

Posted By Administration, Tuesday, July 11, 2017


Bicycle riding is a not only a growing hobby, but it is growing alternative for all forms of transportation needs from going to work to shopping. More bicycles on the road has led to bike paths on most city streets and on some highways. It has also caused more consternation for motorists trying to get by them.

Motorists pay — what most of us think are huge — fees for the privilege of driving on streets, roads and highways. Many believe bicycles ought to not only share the road but share the cost of the road.

The Oregon Legislature finally agreed with that concept and last week became the first state in the nation to tax bicycles. The tax isn’t that high and doesn’t apply to all bikes but it’s a start.

In House Bill 2017 — which ups the gas tax (grrrrrrr) — a $15 tax is added to the price of any bicycle purchased at $200 or over. That is pretty much most new bikes. Oregon transportation officials say the tax should raise about $1.2 million a year.

Some motorists aren’t happy with how the money will be spent but many embrace the concept. The income from the tax will be used for bicycle trails, footpaths and multi-use trails.

 

Source links: Oregon Catalyst — link 1, link 2

Tags:  Insurance Content  Insurance Industry  Insurance News  One for the Books — Oregon To Tax Bicycles  Weekly Industry News 

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