The University will allow you to reduce the annual lease value by your business use if an adequate record of your business use is obtained. Your business mileage log must be received by the 3rd of every month (attach additional pages if necessary) in order to elect the reduction for business use.
Your business mileage log must be sent to:
In the event that you do not provide acceptable documentation the total monthly amount based on IRS annual lease value will be included in your wages.
If you have any questions regarding the taxation of this benefit, please contact: