Budget Amendment ID: FY2025-S4-107

GOV 107

Work from Home Tax Incentive

Messrs. Tarr and O'Connor moved that the proposed new text be amended by inserting after section _ the following sections:-

"SECTION_.Chapter 63 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by adding after section 31N, the following new section:-

Section 31O. (a) A business corporation shall be allowed a credit against its excise due under this chapter equal to $10 for each qualified remote employee for the taxable year.

(b) For the purposes of this section a “qualified remote employee” shall mean a salaried, full-time employee, as defined by section 31C, who utilizes their primary Massachusetts residence as their work place for at least 16 hours per week on average for the taxable year.

(c) The credit allowed hereunder for any taxable year shall not reduce the excise to less than the amount due under section thirty-nine (b) or sixty-seven.

SECTION _. Chapter 63 of the General Laws, as so appearing, is hereby further amended by adding after section 31O as inserted by this Act, the following new section:-

SECTION 31P. (a) A business corporation shall be allowed a credit against its excise due under this chapter equal to fifteen per cent of the cost incurred during the taxable year for the purchase of business and communication equipment which are essential for employees to work remotely from their Massachusetts residence.

(b) The credit allowed hereunder for any taxable year shall not reduce the excise to less than the amount due under section thirty-nine (b) or sixty-seven.”