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2008 SPECIAL SESSION II
SB 6014 Income tax, state; deduction if utilizing alternative modes of transportation.
Introduced by: R. Creigh Deeds | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Income tax deduction; utilization of alternative modes of transportation. Allows an individual to deduct up to 50% of the expenses incurred in utilizing public transportation to commute to and from work. The bill also would allow a $500 deduction for an individual who utilizes ridesharing to commute to and from work, or who bicycles or walks to work. In order to be eligible for the $500 deduction, the individual would be required to use such modes of transportation at least 100 days annually. The bill directs the Department of Taxation to develop guidelines for the implementation of the deductions.
FULL TEXT
HISTORY
- 06/23/08 Senate: Presented and ordered printed 081220220
- 06/23/08 Senate: Referred to Committee on Finance
- 07/09/08 Senate: Left in Finance