GA HB370

Creates a state income tax credit for employers with fewer than 50 employees that offer Individual Coverage Health Reimbursement Arrangements (ICHRAs) to Georgia resident employees, effective for tax years beginning January 1, 2026

Requires employers to contribute at least $200 per month to each covered employee's ICHRA and maintain contributions at or above prior year employer-sponsored health plan levels to qualify

Credit amounts phase down over five years: $600 per covered employee in years 1-3, $400 in year 4, and $200 in year 5, with a maximum of five years of credit per employer

Caps total annual tax credits statewide at $5 million and requires employers to submit preapproval applications by October 1 of the preceding year

Sunsets on December 31, 2028; credits cannot exceed the taxpayer's income tax liability and cannot be carried forward or backward