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2011 SESSION

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SB 1335 Income tax, corporate; telework expenses tax credit.

Introduced by: Mark R. Herring | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

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, 2012, but before January 1, 2014. An employer would be eligible for a credit of up to $1,200 per teleworking employee. The total credit amount any one employer may take for 2012 and 2013 is $50,000. The aggregate amount of tax credits that will be issued is capped at $1 million annually for taxable years 2012 and 2013.


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