HB1031: Income tax, corporate; telework expenses tax credit.

Chief Patron

Del. Jeff Frederick (R-52)

Jeff Frederick (R-52)
Woodbridge, VA
Served: 2004–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

02/12/2008: Failed to Pass in Committee

View Entire History

Summary

Income tax; telework expenses tax credit.  Provides a tax credit to employers for expenses incurred in allowing employees to telework pursuant to a signed telework agreement. An employer would be eligible for a credit of up to $1,200 per teleworking employee, depending on the number of days per month an employee will telework and whether the employer's primary place of business is located in a nonattainment area under the federal Clean Air Act. There is also a 100 percent tax credit for costs the employer incurs for conducting a telework assessment in the year prior to implementing a formal telework program. This assessment credit is capped at $20,000 per employer. The aggregate amount of tax credits that will be issued is capped at $1 million annually for taxable years 2009 and 2010. This bill is supported by the joint subcommittee studying telework opportunities in the Commonwealth (HJ 144, 2006).