VA HB5036 | 2020 | 1st Special Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on August 17 2020 - 25% progression
Action: 2020-08-17 - Referred to Committee on Finance
Pending: House Finance Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

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.

Tracking Information

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Title

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

Sponsors


History

DateChamberAction
2020-08-17HouseReferred to Committee on Finance
2020-08-17HousePrefiled and ordered printed; offered 08/18/20 20200339D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
581439.12:07(n/a)See Bill Text

Virginia State Sources


Bill Comments

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