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

Introduced By

Del. Dave Nutter (R-Christiansburg)

Progress

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

Description

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. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2008Committee
01/08/2008Prefiled and ordered printed; offered 01/09/08 087030660
01/08/2008Referred to Committee on Finance
01/12/2008Impact statement from TAX (HB986)
01/14/2008Impact statement from TAX (HB986)
01/15/2008Assigned Finance sub: 3
02/12/2008Left in Finance