HB219: Income tax, corporate; employer-provided commuting benefits tax credit.

Chief Patron

Del. Dwight Jones (D-70)

Status

Bill is Dead

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Summary

Income tax; employer-provided commuting benefits tax credit.  Grants an income tax credit for taxable years beginning on or after January 1, 2007, to employers who pay employees' eligible commuting expenses, which include multiple-passenger vehicle and mass transit transportation costs, parking fees, and showers and bike rack installation costs. The credit equals 40% of such costs, not to exceed $240 per employee each year. Unused credits may be carried over for five years.   View Full Text »