AZ HB2556

Creates a tax credit of $360 per employee for employers with 2-50 Arizona resident employees who provide a qualified health insurance plan (high deductible plan with catastrophic coverage linked to a health savings account).

Requires employers to have not provided health insurance for 90 days before offering the plan, must offer it to all employees, pay at least $360 annually per enrolled employee, and maintain coverage for at least 12 consecutive months.

Limits credit to three taxable years, with unused credits able to carry forward for up to three additional consecutive years.

Applies to both individual income tax (section 43-1087.01) and corporate income tax (section 43-1185), effective for taxable years beginning after December 31, 2011.

Requires employers with multiple owners to claim only their pro rata share of the credit based on ownership interest.