Income tax, state; tax credit to employers for expenses incurred in allowing employees to telework. (SB1097)

Introduced By

Sen. Mark Herring (D-Leesburg) with support from co-patrons Del. Jeff Frederick (R-Woodbridge), Sen. Creigh Deeds (D-Charlottesville), and Sen. Chap Petersen (D-Fairfax)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
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 2010 and 2011. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/13/2009Prefiled and ordered printed; offered 01/14/09 091141220
01/13/2009Referred to Committee on Finance
01/23/2009Impact statement from TAX (SB1097)
02/11/2009Left in Finance