mileage
New transportation policies start Feb. 1
To increase efficiency and generate savings, policies that govern the University of Missouri System vehicle fleet and other forms of transportation will change starting Thursday, Feb. 1. These changes include:
- A reduction of mileage reimbursement rate from 50.5 cents per mile to 37 cents per mile for travel by personal vehicle. This revised policy aligns with the current mileage rate for the state of Missouri.
- The development of a new Trip Optimizer tool, which will help travelers determine the most cost effective means of travel by vehicle. The tool will include two options: the use of a rental vehicle and reimbursement for personal vehicle miles.
- A partnership with the state on longer-term initiatives, including bulk fuel purchases, asset disposal and a fleet management system.
2012 Mileage reimbursement rates
The University of Missouri’s 2012 mileage reimbursement rate for business use of a personal vehicle will remain at 52.5 cents per mile. The mileage reimbursement rate for moving purposes will decrease by .5 cents per mile to 20 cents per mile, effective Jan. 1, 2012.
Read More »New mileage rates for business use of personal vehicle in 2011
The IRS recently announced that the standard mileage rates for operating a personal vehicle for business purposes will increase beginning Jan. 1. The IRS standard mileage rate will be 51 cents per mile for business travel in 2011 compared to 50 cents per mile in 2010 and the rate for moving travel will be 19 […]
Read More »New mileage rates for business use of personal vehicle in 2011
The IRS recently announced that the standard mileage rates for operating a personal vehicle for business purposes will increase beginning Jan. 1, 2011. The IRS standard mileage rate will be 51 cents per mile for business travel in 2011 compared to 50 cents per mile in 2010 and the rate for moving travel will be […]
Read More »Change in mileage reimbursement rate effective Jan. 1
Beginning in 2009, the University of Missouri began following the state of Missouri’s practice of reimbursement for business transportation expenses at a mileage rate that is three cents less than the IRS standard mileage rate. The IRS rate is based on an annual study of the fixed and variable costs of operating an automobile. The […]
Read More »Mileage reimbursement rate has changed
Effective Jan. 1, 2009, the University of Missouri’s mileage reimbursement rate for operating a personal vehicle for business purposes is 52 cents per mile. The change is effective for business travel taking place on or after Jan. 1. In addition, the rate for operating a personal vehicle for moving purposes is 21 cents per mile. […]
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