In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

SECTION 1. SHORT TITLE.

This Act may be cited as the ''Telework Tax Incentive Act''.

SEC. 2. FINDINGS.

The Congress finds as follows:
(1) Federal, State and local governments spend billions of
dollars annually on the Nation's transportation needs.
(2) Congestion on the Nation's roads resulted in costs of
over $87,000,000 in 2007, in extra time and fuel used, to
drivers in the Nation's 439 urban areas, an increase of more
than 50 percent over the previous decade.
(3) On average, on-road-vehicles contributed 31.9 percent
of nitrogen oxide emissions in 2008.
(4) It was recently reported that if the 40 percent of
United States workers who have jobs that are compatible with
teleworking worked at home half of the time, that would save
450 million barrels of oil, reduce greenhouse gases by 84
million tons, and reduce highway maintenance costs by over $3
billion annually.
(5) The average American daily commute is 51 minutes for a
round-trip (a total of 204 hours, or 8.5 days, per year.)
(6) The National Science Foundation found that teleworking
increased employee productivity by 87 percent and the Census
Bureau reported that 73 percent of teleworkers felt they
accomplished more work on telework days than when they were in
the office.
(7) In 2003, 77 million workers used a computer at work,
accounting for 55.5 percent of total employment.
(8) In recent years, studies performed in the United States
have shown a marked expansion of teleworking, with 76 percent
of private sector employers now providing technical support for
remote workers, an increase of 27 percent over 2007. 56 percent
of Federal IT professionals indicated that their agencies
provide technical support for teleworkers.

SEC. 3. CREDIT FOR TELEWORKING.

(a) In General.--Subpart B of part IV of subchapter A of chapter 1
of the Internal Revenue Code of 1986 (relating to foreign tax credit,
etc.) is amended by adding at the end the following new section:

''SEC. 30E. TELEWORKING CREDIT.

''(a) Allowance of Credit.--In the case of an eligible taxpayer,
there shall be allowed as a credit against the tax imposed by this
chapter for the taxable year an amount equal to the qualified
teleworking expenses paid or incurred by the taxpayer during such year.
''(b) Maximum Credit.--
''(1) Per teleworker limitation.--The credit allowed by
subsection (a) for a taxable year with respect to qualified
teleworking expenses paid or incurred by or on behalf of an
individual teleworker shall not exceed $1,000.
''(2) Reduction for teleworking less than full year.--In
the case of an individual who is in a teleworking arrangement
for less than a full taxable year, the amount referred to in
paragraph (1) shall be reduced by an amount which bears the
same ratio to $1,000 as the number of months in which such
individual is not in a teleworking arrangement bears to 12. For
purposes of the preceding sentence, an individual shall be
treated as being in a teleworking arrangement for a month if
the individual is subject to such arrangement for any day of
such month.
''(c) Definitions.--For purposes of this section--
''(1) Eligible taxpayer.--The term 'eligible taxpayer'
means--
''(A) in the case of an individual, an individual
who performs services for an employer under a
teleworking arrangement, and
''(B) in the case of an employer, an employer for
whom employees perform services under a teleworking
arrangement.
''(2) Teleworking arrangement.--The term 'teleworking
arrangement' means an arrangement under which an employee
teleworks for an employer not less than 75 days per year.
''(3) Qualified teleworking expenses.--The term 'qualified
teleworking expenses' means expenses paid or incurred under a
teleworking arrangement for furnishings and electronic
information equipment which are used to enable an individual to
telework.
''(4) Telework.--The term 'telework' means to perform work
functions, using electronic information and communication
technologies, thereby reducing or eliminating the physical
commute to and from the traditional worksite.
''(d) Limitation Based on Amount of Tax.--
''(1) Liability for tax.--The credit allowable under
subsection (a) for any taxable year shall not exceed the excess
(if any) of--
''(A) the regular tax for the taxable year, reduced
by the sum of the credits allowable under subpart A and
the preceding sections of this subpart, over
''(B) the tentative minimum tax for the taxable
year.
''(2) Carryforward of unused credit.--If the amount of the
credit allowable under subsection (a) for any taxable year
exceeds the limitation under paragraph (1) for the taxable
year, the excess shall be carried to the succeeding taxable
year and added to the amount allowable as a credit under
subsection (a) for such succeeding taxable year.
''(e) Special Rules.--
''(1) Basis reduction.--The basis of any property for which
a credit is allowable under subsection (a) shall be reduced by
the amount of such credit (determined without regard to
subsection (d)).
''(2) Recapture.--The Secretary shall, by regulations,
provide for recapturing the benefit of any credit allowable
under subsection (a) with respect to any property which ceases
to be property eligible for such credit.
''(3) Property used outside united states, etc., not
qualified.--No credit shall be allowed under subsection (a)
with respect to any property referred to in section 50(b) or
with respect to the portion of the cost of any property taken
into account under section 179.
''(4) Election to not take credit.--No credit shall be
allowed under subsection (a) for any expense if the taxpayer
elects to not have this section apply with respect to such
expense.
''(5) Denial of double benefit.--No deduction or credit
(other than under this section) shall be allowed under this
chapter with respect to any expense which is taken into account
in determining the credit under this section.''.
(b) Technical Amendment.--Subsection (a) of section 1016 of the
Internal Revenue Code of 1986 is amended by striking ''and'' at the end
of paragraph (36), by striking the period at the end of paragraph (37)
and inserting ''; and'', and by adding at the end the following new
paragraph:
''(38) to the extent provided in section 30E(e), in the
case of amounts with respect to which a credit has been allowed
under section 30E.''.
(c) Clerical Amendment.--The table of sections for subpart B of
part IV of subchapter A of chapter 1 of the Internal Revenue Code of
1986 is amended by adding at the end the following new item:

''Sec. 30E. Teleworking credit.''.
(d) Effective Date.--The amendments made by this section shall
apply to amounts paid or incurred after the date of the enactment of
this Act, in taxable years ending after such date.
Telework Tax Incentive Act - Amends the Internal Revenue Code to allow an employer or an employee a tax credit, up to $1,000 per year, for teleworking expenses incurred by or on behalf of a teleworking employee under an arrangement whereby such employee teleworks not less than 75 days per year.