Gov. McDonnell Signs NVTC-Backed Telework Tax Credit and Transportation Investment Legislation
On Tuesday, April 12, Gov. Bob McDonnell ceremonially signed 20 pieces of government reform legislation, including NVTC-backed legislation for a telework tax credit, which was sponsored by Sen. Mark Herring and Delegate Barbara Comstock, at the first Governor's Commission on Government Reform and Restructuring meeting of 2011. Gov. McDonnell also signed Executive Order #32, officially beginning phase II of the Government Reform Commission, which includes NVTC President and CEO Bobbie Kilberg, and NVTC members Heather Carroll Cox of Capital One, William Eggers of Deloitte Public Leadership Institute and Maurice McTigue of George Mason University.
|Gov. McDonnell shakes the hand of Sen. Bill Stanley during the April 12 bill signing.|
NVTC has been a long-time proponent of telework, recognizing that Virginia and Virginia taxpayers are beneficiaries of new and expanded private sector telework programs. The legislation will provide a tax credit to employers for expenses incurred in allowing employees to take advantage of modern technology to telework, expanding a telework program or conducting a telework assessment. An employer would be eligible for a credit of up to $1,200 per teleworking employee, with a maximum of $50,000 per employer.
On Monday, April 18, Gov. McDonnell also signed into law NVTC-endorsed transportation legislation that will pump almost $4 billion into road, transit and rail projects in the Commonwealth. The legislation, sponsored by Speaker Bill Howell (R-Stafford) and Sens. Chuck Colgan (D-Manassas) and William Wampler (R-Bristol), will fund more than 900 projects over the next three years, by reallocating existing revenues and through the prudent uses of bonds.
In January, NVTC's Board of Directors unanimously endorsed the legislation as a critical first step in addressing Northern Virginia's transportation crisis in a significant and meaningful way to support the growth of Northern Virginia's technology economy and by extension the long-term economic health of the state.
For more information about the telework tax credit legislation, the transportation legislation and other bills that passed this year's General Assembly, read the most recent edition of Tech Politic, NVTC's public policy news update. Click the following links for more information about all of the legislation signed by Gov. McDonnell on April 12 or April 18.