Mileage Reimbursement Rate Changes
To: Campus Community
From: Liz Molina, Financial Analyst
Subject: Mileage Reimbursement Rate Changes Effective January 1, 2015
December 22, 2014
The University’s mileage reimburse rate for auto expense incurred in connection with the business use of a private automobile for travel will increase, and the reimbursement rate for driving or shipping and auto in connection with a move or relocation will decrease, in accordance with the Internal Revenue Service standard mileage rates published in IRS Notice 2014-114. The following new rates are effective for expenses incurred on or after January 1, 2015:
- The reimbursement rate for the use of a private automobile for University business travel will increase from 56 cents a mile to 57.5 cents a mile.
- The reimbursement rate for driving or shipping an automobile in connection with a move or relocation will decrease from 23.5 cents a mile to 23 cents a mile.
Business and Finance Bulletin G-28, Travel Regulations, will be revised to include the mileage rate change. If you have any questions please contact Annette Gonzales at (805) 893-7037 or email@example.com