Income tax, corporate; telework expenses tax credit. (HB2197)

Introduced By

Del. Barbara Comstock (R-McLean)

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 for taxable years beginning on or after January 1, 2012, but before January 1, 2014. 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. The total credit amount any one employer may take for 2012 and 2013 is $50,000. The aggregate amount of tax credits that will be issued is capped at $1 million annually for taxable years 2012 and 2013. Amends § 58.1-439.12:06, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

  • 01/12/2011 Committee
  • 01/12/2011 Prefiled and ordered printed; offered 01/12/11 11102523D
  • 01/12/2011 Referred to Committee on Finance
  • 01/17/2011 Assigned Finance sub: #3
  • 01/27/2011 Impact statement from TAX (HB2197)
  • 01/28/2011 Subcommittee recommends reporting with amendment(s) (5-Y 0-N)
  • 02/02/2011 Reported from Finance with amendments (19-Y 2-N) (see vote tally)
  • 02/04/2011 Read first time
  • 02/07/2011 Read second time
  • 02/07/2011 Committee amendments agreed to
  • 02/07/2011 Engrossed by House as amended HB2197E
  • 02/07/2011 Printed as engrossed 11102523D-E
  • 02/08/2011 Read third time and passed House (89-Y 10-N)
  • 02/08/2011 VOTE: PASSAGE (89-Y 10-N) (see vote tally)
  • 02/09/2011 Constitutional reading dispensed
  • 02/09/2011 Referred to Committee on Finance
  • 02/11/2011 Impact statement from TAX (HB2197E)
  • 02/15/2011 Reported from Finance with amendments (15-Y 0-N) (see vote tally)
  • 02/16/2011 Constitutional reading dispensed (40-Y 0-N) (see vote tally)
  • 02/16/2011 Read third time
  • 02/16/2011 Reading of amendments waived
  • 02/16/2011 Committee amendments agreed to
  • 02/16/2011 Engrossed by Senate as amended
  • 02/16/2011 Passed Senate with amendments (38-Y 0-N) (see vote tally)
  • 02/16/2011 Reconsideration of Senate passage agreed to by Senate (40-Y 0-N) (see vote tally)
  • 02/16/2011 Passed Senate with amendments (40-Y 0-N) (see vote tally)
  • 02/16/2011 Placed on Calendar
  • 02/16/2011 Senate amendments agreed to by House (88-Y 1-N)
  • 02/16/2011 VOTE: ADOPTION (88-Y 1-N) (see vote tally)
  • 02/22/2011 Enrolled
  • 02/22/2011 Bill text as passed House and Senate (HB2197ER)
  • 02/22/2011 Signed by Speaker
  • 02/23/2011 Signed by President
  • 03/02/2011 Impact statement from TAX (HB2197ER)
  • 03/23/2011 G Approved by Governor-Chapter 409 (effective 7/1/11)
  • 03/23/2011 G Acts of Assembly Chapter text (CHAP0409)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 2 minutes.