Business briefs, Dec. 13-16, 2014
December 12, 2014
IRS announces mileage rates
The Internal Revenue Service has announced 2015 mileage rates. According to a press release, the mileage rates are: 57.5 cents for each business mile driven, which up from 56 cents in 2014; 23 cents per mile for medical or moving purposes, down half a cent from 2014; 14 cents per mile drive for charitable purposes. The rates are determined according to the "fixed and variable costs of operating, including depreciation, insurance, repairs, tires, maintenance, gas and oil. The rate for medical and moving purposes is based on the variable costs, such as gas and oil. The charitable rate is set by law."
Changes announced to Main Street parking
Park City Municipal and Historic Park City have announced updated Main Street parking regulations in advance of the winter season. According to a press release, parking in the covered area of China Bridge will be limited to six hours per vehicle, beginning Dec. 15. Also, Main Street employees are encouraged to park at Treasure Mountain Junior High on Friday and Saturday evenings. An employee bus will be running from the school to the Old Town Transit Center every 10 minutes.
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