HB 1323 Summary

• Extends the small employer qualified wellness program tax credit for taxable years beginning after December 31, 2013, and before January 1, 2020.

• Expands program eligibility to small employers with not more than 250 eligible employees (previously limited to 100 employees).

• Caps the annual tax credit at $5,000 per small employer and limits total credits claimed statewide to $5,000,000 per budget biennium.

• Eliminates carryforward of unused tax credits for expenditures incurred after December 31, 2013, and requires Indiana Economic Development Corporation approval before claiming credits.

• Repeals a redundant definition of "pass through entity" and becomes effective January 1, 2014.