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UC DAVIS: ACCOUNTING & FINANCIAL SERVICES July 11, 2008 DEANS, DIRECTORS, DEPARTMENT CHAIRS, AND ADMINISTRATIVE OFFICERS RE: Standard Mileage Rate Increases for July through December 2008 In response to the recent dramatic increase in gas prices, the IRS has announced that the standard reimbursement rates per mile for expenses incurred in connection with the use of a private automobile have been increased, effective July 1, 2008. In accordance with IR 2008-82, the new rates are effective for expenses incurred on or after July 1, 2008 through December 31, 2008. Consistent with our past practice, the University is changing its mileage reimbursement rates to reflect the changes announced by the IRS. ** The standard reimbursement rate for the use of a private automobile for University business travel will increase from 50.5 cents a mile to 58.5 cents a mile. Appendix A of the 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 19 cents a mile to 27 cents a mile. Business and Finance Bulletin G-13, Policy and Regulations Governing Moving and Relocation, will be revised to incorporate this change. Although the IRS normally updates the mileage rates once a year in the fall for the next calendar year, the IRS made this special adjustment for the last half of 2008 in recognition of the recent gas price increases. The IRS will delay setting the 2009 rates until closer to January. If you have any questions, please call Anne Marie Scott at (530) 757-8505. J. Michael Allred Associate Vice Chancellor - Finance/Controller 08-051
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