SB 301 Creates a tax credit for family friendly work programs
Sponsor: Bartle
LR Number: 0878S.01I Fiscal Note:
Committee: Ways & Means
Last Action: 1/22/2007 - Second Read and Referred S Ways & Means Committee Journal Page: S132
Title: Calendar Position:
Effective Date: August 28, 2007

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Current Bill Summary


SB 301 - This act creates a tax credit in an amount equal to fifty percent of the expenses incurred by an employer for the implementation of a family friendly work program. A family friendly work program requires an employer to allow full-time employees to utilize at least two of the following: compressed work schedules; flextime; on-site day care; part-time positions; and telecommuting. The tax credit is a fully transferrable, non-refundable tax credit that may be carried forward three years until fully claimed. The tax credit has an annual aggregate cap of four million dollars.

The provision of this act will automatically sunset six years after the effective date of the act.

JASON ZAMKUS