Tax benefits for donation of leave before Jan. 1, 2007.
| Position | Franchise Tax Board - Brief Article |
The FTB announced tax benefits for businesses and employees who contribute the cash value of their vacation, sick leave or personal leave time to Hurricane Katrina relief before Jan. 1, 2007.
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Under the program, workers can contribute vacation, sick leave or personal leave time to hurricane relief. Their employers will donate the cash value of that time. Businesses will be able to deduct the amount of their cash payments on their...
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