Telecommuting and Flextime Tax Credit Bills Head to Senate Floor Today
Legislation Provides Income Tax Credits to Employers for Employees Who Opt Out of Rush Hour Commutes
RICHMOND—The Senate Finance Committee today advanced two bills to reduce congestion on Virginia’s roadways by providing income tax incentives that were sponsored by Senator R. Creigh Deeds. Senate Bills 6012 and 6013 will likely be debated and voted upon by the full Senate during this afternoon’s session.
“I’m pleased that my Senate colleagues have recognized the wisdom in creating incentives to get drivers off the road by endorsing these two tax credit bills and advancing them to the Senate floor,” said Deeds. “There is no single solution to Virginia’s transportation challenges; our constituents expect us to be innovative and to tackle this problem from all sides.”
Senate Bill 6012 provides a flextime income tax credit to employers for employees who enter into a flextime scheduling agreement, meaning they work a four-day workweek or alter their work schedule to avoid a rush hour commute. Under the legislation, employers are eligible for up to $25,000 per year in credits.
Senate Bill 6013 provides a tax credit to Virginia businesses for telecommuting expenditures and allows for a 100 percent tax credit for employers to conduct a telecommuting assessment the year prior to implementing a telecommuting program. Employers are eligible for a $1,200 credit per employee, capped at $20,000 per year.
RICHMOND—The Senate Finance Committee today advanced two bills to reduce congestion on Virginia’s roadways by providing income tax incentives that were sponsored by Senator R. Creigh Deeds. Senate Bills 6012 and 6013 will likely be debated and voted upon by the full Senate during this afternoon’s session.
“I’m pleased that my Senate colleagues have recognized the wisdom in creating incentives to get drivers off the road by endorsing these two tax credit bills and advancing them to the Senate floor,” said Deeds. “There is no single solution to Virginia’s transportation challenges; our constituents expect us to be innovative and to tackle this problem from all sides.”
Senate Bill 6012 provides a flextime income tax credit to employers for employees who enter into a flextime scheduling agreement, meaning they work a four-day workweek or alter their work schedule to avoid a rush hour commute. Under the legislation, employers are eligible for up to $25,000 per year in credits.
Senate Bill 6013 provides a tax credit to Virginia businesses for telecommuting expenditures and allows for a 100 percent tax credit for employers to conduct a telecommuting assessment the year prior to implementing a telecommuting program. Employers are eligible for a $1,200 credit per employee, capped at $20,000 per year.
