Telework expenses; reinstates for taxable years 2020 through 2024 the expenses tax credit. (HB5036)

Introduced By

Del. Jason Miyares (R-Virginia Beach)

Progress

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

Description

Telework expenses tax credit. Reinstates for taxable years 2020 through 2024 the telework expenses tax credit, which expired as of January 1, 2019. The bill removes requirements that were in place under the previous version of the credit, such as requiring the employee and employer to sign a telework agreement. The bill also eliminates a previous requirement that credit claimants apply for credits in advance and instead directs the Department of Taxation to develop procedures for claiming the credit. Read the Bill »

Status

08/17/2020: Awaiting a Vote in the Finance Committee

History

DateAction
08/17/2020Prefiled and ordered printed; offered 08/18/20 20200339D
08/17/2020Committee
08/17/2020Referred to Committee on Finance
08/21/2020Impact statement from TAX (HB5036)

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