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2005 SESSION

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SB 1255 Income tax, state; credit for health insurance premiums and health savings accounts.

Introduced by: Benjamin J. Lambert III | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; tax credit for health insurance premiums and health saving accounts contributions paid by employers. Provides a tax credit to employers who pay at least one-half of the annual health insurance premium per employee or make contributions equal to one-half of an employee's health savings accounts. The amount of the credit is the lesser of $500 or the amount paid per employee. In addition, a credit equal to the lesser of $100 or the amount paid for the health insurance premium for one dependent of each employee shall be allowed to employers. The credits are available to employers with 50 or fewer full-time employees.


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