Bill > HB1291

This bill establishes a new income tax credit for businesses in Georgia that provide certain transportation benefits to their employees. Specifically, a "covered employer," which is any corporation subject to Georgia income tax, can receive a credit for costs associated with offering a "qualified transportation fringe benefit" to a "qualified employee." A qualified employee is defined as someone who teleworks, meaning they work remotely instead of at the company's main office, for less than 50% of their workdays, and this remote work is not a home-based business or work done on weekends or holidays. Qualified transportation fringe benefits include things like providing a commuter highway vehicle, a transit pass, or qualified parking, as defined by federal law. The credit will be 35% of the total amount spent on these benefits, with a maximum of $1,500 per qualified employee per year. However, the total credit cannot exceed the employer's income tax liability for that year, and any unused credit cannot be carried forward to future tax years or applied to past tax liabilities. The bill also mandates that the Department of Revenue conduct a public awareness campaign to inform employers and employees about these transportation benefits and will issue necessary rules and regulations to implement the program.

Budget and Finance

https://www.legis.ga.gov/legislation/73160