HB20-1309
Income Tax Credit For Telecommuting Employees
Concerning a temporary income tax credit for employers who allow employees to telecommute.
Session:
2020 Regular Session
Subject:
Bill Summary
Fiscal Policy & Taxes
The bill creates a temporary income tax credit for employers in an amount of $1,000 for each employee that is allowed to telecommute at least two-thirds of the time that the employee is expected to work. Any part of the income tax credit that is not used may be carried forward for a 10-year period but may not be refunded.
(Note: This summary applies to this bill as introduced.)