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2006 SESSION

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HB 1160 Income tax, corporate; insurance premiums tax & employer-provided commuting expenses tax credit.

Introduced by: Albert C. Eisenberg | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax and insurance premiums tax; employer-provided commuting expenses tax credit.  Grants an income or insurance premiums tax credit to employers in an amount equal to 50% of the eligible commuting expenses that they pay for their employees. The annual credit shall not exceed $600 per employee or the employer's tax liability, whichever is less, and shall be effective for tax years beginning on or after January 1, 2006.


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