Income tax, corporate; insurance premiums tax & employer-provided commuting expenses tax credit. (HB1160)

Introduced By

Del. Al Eisenberg (D-Arlington)

Progress

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

Description

Income tax and insurance premiums tax; employer-provided commuting expenses tax credit. Grants an income or insurance premiums tax credit to employers in an amount equal to 50% of the eligible commuting expenses that they pay for their employees. The annual credit shall not exceed $600 per employee or the employer's tax liability, whichever is less, and shall be effective for tax years beginning on or after January 1, 2006. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/11/2006Prefiled and ordered printed; offered 01/11/06 067033301
01/11/2006Referred to Committee on Finance
01/20/2006Assigned to Finance sub-committee: #3 (Ware, R.L.)
02/02/2006Fiscal impact statement from TAX (HB1160)
02/15/2006Left in Finance