Income tax, state; tax credit for health insurance premiums paid by small business employers. (HB59)
Introduced By
Del. Jeff Frederick (R-Woodbridge)
Progress
√ |
Introduced |
X |
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, 2009, 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. Amends § 58.1-339.12 (“Farm wineries and vineyards tax credit.”), of the Code of Virginia. View Full Text »
Outcome
Bill Has Failed
View Bill's History
