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CO HB1309
Bill
Status
Failed
5/27/2020
Primary Sponsor
Richard Holtorf
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AI Summary
- Creates a temporary income tax credit of $1,000 per employee for employers who allow employees to telecommute at least two-thirds of the time they are expected to work, effective for tax years 2021-2031
- Unused credits may be carried forward for up to five years but cannot be refunded
- Applies to any person doing business in Colorado and any employee earning salary or hourly wages, whether full-time or part-time
- Legislative findings cite benefits including rural economic revitalization, reduced government spending on transportation infrastructure, environmental improvements from reduced emissions, and employee benefits such as improved job satisfaction and reduced daycare costs
- Statute repeals effective December 31, 2034
Legislative Description
Income Tax Credit For Telecommuting Employees
Last Action
House Committee on Business Affairs & Labor Postpone Indefinitely
5/27/2020
Committee Referrals
Business Affairs and Labor2/21/2020
Full Bill Text
No bill text available