VA HB47 | 2010 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 21 2009 - 25% progression, died in chamber
Action: 2010-02-10 - House: Continued to 2011 in Finance by voice vote
Text: Latest bill text (Prefiled) [HTML]

Summary

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, 2011, but before January 1, 2013. 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 2011 and 2012.

Tracking Information

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Title

Income tax, state; telework expenses tax credit.

Sponsors


History

DateChamberAction
2010-02-10 House: Continued to 2011 in Finance by voice vote
2010-02-09 House: Subcommittee recommends continuing to 2011 by voice vote
2010-01-25 House: Assigned Finance sub: #3
2009-12-21 House: Referred to Committee on Finance
2009-12-21 House: Prefiled and ordered printed; offered 01/13/10 10100034D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
581439.12:0(n/a)See Bill Text

Virginia State Sources


Bill Comments

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