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MEMO'RANDUM
TO: Board of Trustees
FROM: Bonni S. Jensen
Robert D. Klausner
Fund Legal Counsef
DATE: December 2016
SUBJECT: IRS Mileage Rate for 2017
This is to inform you that the Internal Revenue Service {"IRS") released i#s updated
Standard Mileage Rate for 2fl�7. The new rate is 53.5 cents per mile for business
miles driven on or aft�r January 1, 2017_ This is a reduced rate from the 54 cents for
2016.
As you know from previous years, the mileage rate can fluctuate within the same
year. We will do our best to keep you and the administrator informed. You can find the
current rate at the link below.
https://www.irs.gov/uac/2017-standard-mileage-rates-for-business-and-medical-and-mo
ving-announced
If you have any questions, please do not hesitate to contact us.
BSJ/dze
Enclosure
E-Copy:Administrator
W:1WdocsILLPIBONNIICLTMEM0100081195.WPD
00081195.WPD;1 70�0 NOR1'HWES"C�"CH STREET, PLAi�ITATIOiv`, F�oR►�,� 33317
P�to�vr_: (954) 916-1202 • FAx: (954) 916-1232
www.robertdklausner.com
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