The Teleworking Tax Credit in Georgia
Enacted in 2008, the Georgia Telework Tax Credit provides a tax benefit to qualified Georgia businesses to expand or start a program that would enable employees to work from home using online technologies. The legislation, the first by any state, is designed to reduce traffic congestion and air pollution.
Other People Are Reading
-
Definitions
-
As Internet technologies continue to evolve and become more integrated into the workplace, more employees can telecommute, or perform work duties effectively from remote locations. Teleworking is a term used in legislation to describe specific types of flexible work arrangements that make telecommuting possible. Since teleworking can benefit both employers and employees, many states, including Georgia, have passed legislation to promote this new way of working.
Legislation
-
Georgia passed the Teleworking Tax Credit in 2008 to promote telecommuting, the first U.S. state to do so. Through this legislation, employers in Georgia who set up a teleworking program become eligible for a one-time tax credit of up to $20,000. This credit applies to the planning, consulting and training of employees, as well as raw labor costs. Georgia further offers an additional credit of up to $1,200 for each new teleworker hired by the business.
-
Advantages
-
Employers in Georgia that employ teleworkers who telecommute five or more days a month can claim up to 25 percent of the credit. Apart from the financial incentives to the business, according to "Green Life Atlanta," teleworkng can help businesses recruit and retain new workers, reduce absenteeism and traffic congestion, and lower the costs of facilities. Eventually, this can also result in an increased productivity.
The Clean Air Campaign
-
The Clean Air Campaign, a not-for-profit organization, provides businesses in Georgia with expert consulting services to help them develop a teleworking program. The aim of this program is to improve air quality by reducing traffic congestion.
-
