HJ102: Health insurance; JLARC to study providing income tax credit to employers that provide to employees.

Chief Patron

Del. Clarke Hogan (R-60)

Clarke Hogan (R-60)
South Boston, VA
Served: 2002–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate

Status

02/05/2008: Failed to Pass in Committee

View Entire History

Summary

Study; providing an income tax credit to employers that provide health insurance for their employees in the Commonwealth; report.  Directs the Joint Legislative Audit and Review Commission to study providing an income tax credit to employers that provide health insurance for their employees in the Commonwealth. In conducting its study, the Commission shall, among other things, (i) quantify the cost to the Commonwealth of employer decisions not to sponsor employee health insurance; (ii) determine the effects of providing a reduced income tax rate, implemented through a tax credit program, for corporations and other business entities that provide health insurance for their employees; (iii) identify a mechanism by which the net societal savings resulting from such an income tax credit may be earmarked for funding health care in the Commonwealth; and (iv) determine what amount of an income tax credit would be sufficient to incentivize employers that are not currently providing health insurance for employees to do so.