Income tax, corporate; employer-provided commuting benefits tax credit. (SB661)

Introduced By

Sen. Yvonne Miller (D-Norfolk)

Progress

Introduced
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. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/18/2006Presented and ordered printed 069827768
01/18/2006Referred to Committee on Finance
01/29/2006Fiscal impact statement from TAX (SB661)
02/08/2006Stricken at request of Patron in Finance (15-Y 0-N)

Duplicate Bills

The following bills are identical to this one: HB219.