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_ . <br /> V'• <br /> . 1 <br /> . • ORANGE COUNTY 074 <br /> BOARD OF COMMISSIONERS ACTION AGENDA <br /> ACTION AGENDA ITEM ABSTRACT ITEM NO.FILI <br /> MEETING DATE February 4, 1985 • <br /> .., <br /> SUBJECT: Orange County Mileage Reimbursement Rate <br /> . 1 <br /> i ;Zr <br /> ' <br /> DEPARTMENT: Finance i PUBLIC HEARING: • YES x NO A <br /> , . . . . . . .. .., . • • . <br /> ' . <br /> ATTACHMENT(S): INFORMATION CONTACT: Wallace Harding <br /> ,. <br /> ... <br /> PHONE NUMBERS: HILLSBOROUGH - 732-8181 <br /> ' . <br /> HILLSBOROUGH - 732-9361 . <br /> cl <br /> CHAPEL HILL - 967-9251 <br /> MEBANE - 227-2031 <br /> , • DURHAM - 688-7331 4 <br /> ..._ <br /> . . _. .• <br /> . .t <br /> PURPOSE: To consider the current reimbursement rate of 22C per mile paid by the <br /> County to employees for the use of their personel cars on County business <br /> in view of the recent 'IRS ruling that mileage reimbursements to employees <br /> P <br /> in excess of 20.5c per mile is taxable income to the employee and that lic <br /> :.' <br /> employers must report the full reimbursement on a form W-2 wage and 0, <br /> tax statement to the U.S. IRS and N.C. Dept. of Revenue. <br /> t!' <br /> I. If <br /> 7■ <br /> 1 <br /> NEED: <br /> • <br /> ti,.. <br /> 1'.'', <br /> r.,. <br /> -'; <br /> IA!1 <br /> _I <br /> 4 <br /> 1 . <br /> 1, <br /> P <br /> ■,, ' .4 <br /> *II.14 . <br /> :1r <br /> ■',i IMPACT: The impact on the County is minimal.County employees that receive <br /> reimbursement must file a form 2106 with their individual tax return 14 <br /> - to deduct the 20.5C. <br /> l. .. <br /> !1, . <br /> '..- <br /> ; . <br /> • ''',■i; <br /> RECOMMENDATION(S): Reduction of reimbursement rate from 22C to 20.5c and set ,,I <br /> A <br /> ,. <br /> future increases to follow IRS rate. <br /> ;., <br /> ' . <br />