Washington state businesses will be eligible for new tax credits when they let employees work remotely if the legislature passes a new bill filed in advance of the 2018 legislative session.
If approved, the bill would allow employers to collect tax credits for “telework expenditures,” such as equipment that allows employees to work remotely. Companies could also get an annual tax break of $500 per employee who works remotely at least 12 days each month, up to $20,000. The credit only applies to employees of companies headquartered Washington and it can’t exceed the amount of taxes the company owes.
The bill was introduced by Washington state Sen. Kevin Van De Wege, a Democrat from Sequim, out on the Olympic Peninsula.