Politics & Government
Free Webinar to Highlight Virginia's Telework Tax Credit
New tax credit, sponsored by Sen. Mark Herring, can save Virginia Businesses up to $50,000
State Senator Mark Herring (D-Loudoun & Fairfax) will participate in a free webinar on Friday, Sept. 30, to educate businesses on the new tax credit legislation aimed at encouraging private sector telework.
Virginia’s new telework tax credit, sponsored by Sen. Herring during the 2011 General Assembly session, provides for a tax credit of up to $1,200 per employee and $50,000 per organization, for eligible telework expenses incurred during taxable years 2012 and 2013.
“Telework takes cars off the road, improves employee productivity and allows workers to spend more time at home with their families and less time stuck in traffic,” Senator Herring said. “It’s a win-win.”
The webinar will provide additional information on the tax credit, the requirements to pre-apply and qualify for the credit, and how telework practically applies in the organizational setting. The webinar will take place from 9:30 to 10:45 a.m. and is hosted by the Virginia Department of Rail and Public Transportation (DRPT).
To register for the webinar and for more information on the new telework tax credit, visit the telework!va Web site. Pre-applications for the tax credit are due to the Department of Taxation by Oct. 31, 2011
