Income tax, corporate; employer-provided commuting benefits tax credit. (HB219)
Introduced By
Del. Dwight Jones (D-Richmond)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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. Amends § 58.1-439.12:02 (“Biodiesel and green diesel fuels producers tax credit.”), of the Code of Virginia. View Full Text »
Outcome
Bill Has Failed
View Bill's History
