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UC DAVIS: ACCOUNTING & FINANCIAL SERVICES December 11, 2006 DEANS, DIRECTORS, DEPARTMENT CHAIRS, AND ADMINISTRATIVE OFFICERS RE: Standard Mileage Rate Increases for 2007 The IRS has announced that the standard reimbursement rates per mile for expenses incurred in connection with the business use of a private automobile will increase effective January 1, 2007. Pursuant to Revenue Procedure 2006-49, the new rates are effective for expenses incurred on or after January 1, 2007. ** The standard reimbursement rate for the use of a private automobile for University business travel will increase from 44.5 cents a mile to 48.5 cents a mile. Appendix A of Business and Finance Bulletin G-28, Policy and Regulations Governing Travel, will be revised to incorporate this change. ** The standard reimbursement rate for driving or shipping an automobile in connection with a move or relocation will increase from 18 cents a mile to 20 cents a mile. Business and Finance Bulletin G-13, Policy and Regulations Governing Moving and Relocation, will be revised to incorporate this change. If you have any questions, please call Cyndy Johnson at (530) 757-8936. J. Michael Allred Associate Vice Chancellor - Finance/Controller 06-130
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