Income tax, state; small employer health insurance tax credit. (SB1442)
Introduced By
Sen. Roscoe Reynolds (D-Martinsville)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Small employer health insurance tax credit. Establishes a tax credit for small employers that pay a portion of their employees' health insurance premiums. The credit would be equal to 30 percent of the federal small employer health insurance tax credit claimed by the employer and would have a seven-year carryforward period. Under the bill, a small employer is one with no more than 25 full-time employees. Read the Bill »
Status
02/02/2011: Failed to Pass in Committee
History
| Date | Action |
|---|---|
| 01/21/2011 | Presented and ordered printed 11104043D |
| 01/21/2011 | Referred to Committee on Finance |
| 01/26/2011 | Impact statement from TAX (SB1442) |
| 02/02/2011 | Passed by indefinitely in Finance with letter (14-Y 0-N) (see vote tally) |
| 02/02/2011 | Letter sent to the Joint Legislative Audit and Review Commission |