HB986: Income tax, state; tax credit for health insurance premiums paid by small business employers.

Chief Patron

Del. Dave Nutter (R-7)

Dave Nutter (R-7)
Christiansburg, VA
Served: 2002–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

02/12/2008: Failed to Pass in Committee

View Entire History

Summary

Income tax; tax credit for health insurance premiums paid by small business employers.  Provides a tax credit for taxable years beginning on or after January 1, 2008, to employers who pay at least one-half of the annual health insurance premium per employee. The amount of the credit is the lesser of $500 or the amount paid per employee. The total amount of credits available to each employer annually is limited to $25,000. The credits are available to employers with 50 or fewer full-time employees.