Income tax; telework expenses tax credit. (SB6013)
Introduced By
Sen. Creigh Deeds (D-Charlottesville) with support from co-patrons Sen. Mark Herring (D-Leesburg), Sen. Phil Puckett (D-Tazewell), and Sen. Toddy Puller (D-Mount Vernon)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
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Passed House |
☐ |
Passed Senate |
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Signed by Governor |
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Became Law |
Description
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. Read the Bill »
Status
06/23/2008: Awaiting a Vote in the Finance and Appropriations Committee
History
Date | Action |
---|---|
06/23/2008 | Presented and ordered printed 081219220 |
06/23/2008 | Referred to Committee on Finance |
06/23/2008 | Impact statement from TAX (SB6013) |