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2011 Business Mileage Rate Change

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The IRS announced changes in the standard business mileage rates for the remaining 2011 calendar year.  Beginning July 1, the standard business mileage reimbursement rate for personal vehicle use on approved University business increased from 51 to 55.5 cents per mile. The standard mileage rate for moving expenses increased from 19 to 23.5 cents per mile. Business mileage incurred from January 1 to June 30, 2011, but reimbursed after July 1, will be reimbursed using the rates for that time period. The Employee Expense Worksheet (UM 1612) & travel policy have been updated to reflect these rate changes.        

Visit the Finance and Planning section of the Extension intranet for more information about University expense and travel reimbursement.      

Madonna Monette
Finance Director

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