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UC DAVIS: University Mileage Reimbursement Rate Decrease December 2, 2002 DEANS, DIRECTORS, DEPARTMENT CHAIRPERSONS, AND CAMPUS/UCDMC ADMINISTRATIVE OFFICERS RE:University Mileage Reimbursement Rate Decrease The IRS has announced in IRS Revenue Procedure 2002-61 that it is decreasing the standard mileage rate for use of a private automobile from 36.5 cents per mile to 36.0 cents per mile. The decrease in the mileage rate is based on annual study of the fixed and variable costs of operating an automobile conducted on behalf of the IRS by an independent contractor. The change is effective for transportation expenses incurred by employees on or after January 1, 2003. It has been the University's policy to follow the IRS standard mileage rate so that mileage reimbursements to employees who travel on University business will not result in additional taxable income for those employees. Accordingly, the UC reimbursement rate is set at 36.0 cents per mile effective January 1, 2003. Sincerely, J. Michael Allred Associate Vice Chancellor-Finance 02-158
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