Income tax, state; tax credit for health insurance premiums paid by small business employers. (SB1443)

Introduced By

Sen. Steve Martin (R-Chesterfield)

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, 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 »

Outcome

Bill Has Failed

History

DateAction
01/19/2009Presented and ordered printed 094119804
01/19/2009Referred to Committee on Finance
01/24/2009Impact statement from TAX (SB1443)
02/11/2009Left in Finance