Income tax, state; tax credit for health insurance premiums paid by small business employers. (HB59)

Introduced By

Del. Jeff Frederick (R-Woodbridge)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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. Read the Bill »


Bill Has Failed


12/05/2007Prefiled and ordered printed; offered 01/09/08 089801508
12/05/2007Referred to Committee on Finance
01/12/2008Impact statement from TAX (HB59)
01/14/2008Impact statement from TAX (HB59)
01/15/2008Assigned Finance sub: 3
01/28/2008Continued to 2009 in Finance


Mary Steele writes:

There is a way to come up with a reasonable cost that each person could afford, considering that higher hospital fees are passed on to us anyway, whether we have insurance or not.

Mary Steele
Yorktown VA