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

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