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2020 SPECIAL SESSION I

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HB 5036 Telework expenses; reinstates for taxable years 2020 through 2024 the expenses tax credit.

Introduced by: Jason S. Miyares | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

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.


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