Bill Text: GA HB186 | 2009-2010 | Regular Session | Introduced
Bill Title: Teleworking; income tax credits; provisions
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: (Passed) 2009-05-11 - Effective Date [HB186 Detail]
Download: Georgia-2009-HB186-Introduced.html
09
LC 18 7876/AP
House
Bill 186 (AS PASSED HOUSE AND SENATE)
By:
Representatives Martin of the
47th,
Drenner of the
86th,
and Cox of the
102nd
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Code Section 48-7-29.11 of the Official Code of Georgia Annotated,
relating to income tax credits for teleworking, so as to extend the period of
time for which such credits are granted; to change the amount of certain
credits; to change certain reporting requirements; to provide an effective date;
to repeal conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Code
Section 48-7-29.11 of the Official Code of Georgia Annotated, relating to income
tax credits for teleworking, is amended by revising subsection (b) as
follows:
"(b)
For taxable years beginning or ending on or after January 1, 2008, and prior to
January 1,
2010
2012,
an employer shall be allowed a state income tax credit against the tax imposed
by Code Section 48-7-20 or Code Section 48-7-21 for a percentage of eligible
telework expenses incurred in the
corresponding
calendar
years 2008
and 2009
year.
The amount of such credit shall be calculated as follows:
(1)
The credit shall be equal to 100 percent of the eligible telework expenses
incurred pursuant to a telework agreement requiring the participating employee
to telework at least 12 days per month if the employer's principal place of
business is located in an area designated by the United States Environmental
Protection Agency as a nonattainment area under the federal Clean Air Act, 42
U.S.C. Section 7401 et seq.;
(2)
The credit shall be equal to 75 percent of the eligible telework expenses
incurred pursuant to a telework agreement requiring the participating employee
to telework at least 12 days per month; or
(3)
The credit shall be equal to 25 percent of the eligible telework expenses
incurred pursuant to a telework agreement requiring the participating employee
to telework at least five days per month."
SECTION
2.
Said
Code section is further amended by revising paragraph (2) of subsection (e) as
follows:
"(2)
The commissioner shall provide tentative approval of the applications by the
date provided in paragraph (3) of this subsection. In no event shall the
aggregate amount of tax credits approved by the commissioner for all qualified
employers under this Code section in a calendar year exceed:
(A)
Two million
dollars for
For
credits earned in calendar year
2008, $2
million;
and
(B)
Two million
dollars for
For
credits earned in calendar year
2009, $2
million;
(C)
For credits earned in calendar year 2010, $2.5 million; and
(D)
For credits earned in calendar year 2011, $2.5
million."
SECTION
3.
Said
Code section is further amended by revising subsection (f) as
follows:
"(f)
Notwithstanding the provisions of Code Sections 48-2-15, 48-7-60, and 48-7-61,
on or
before December 31, 2010, for credits allowed in calendar year 2008 and by
December 31, 2011, for credits allowed in calendar year
2009, the commissioner shall make
available a public report disclosing the employer names and amounts of credit
claimed under this Code section
as
follows:
(1)
On or before December 31, 2010, for credits allowed in calendar year
2008;
(2)
On or before December 31, 2011, for credits allowed in calendar year
2009;
(3)
On or before December 31, 2012, for credits allowed in calendar year 2010;
and
(4)
On or before December 31, 2013, for credits allowed in calendar year
2011."
SECTION
4.
This
Act shall become effective upon its approval by the Governor or upon its
becoming law without such approval.
SECTION
5.
All
laws and parts of laws in conflict with this Act are repealed.
