IN SB0288

Extends the income tax credit for small employers providing qualified wellness programs from costs incurred through December 31, 2011 to costs incurred through December 31, 2015.

Allows tax credits to be awarded for costs incurred in 2012, retroactively overriding the previous prohibition on credits for that year.

Extends the expiration date of the wellness program tax credit chapter from January 1, 2020 to January 1, 2023.

Effective January 1, 2013 with retroactive application to taxable years beginning after December 31, 2011.

Removes previous restrictions prohibiting carryover of unclaimed credits during 2012-2013 and requiring carryforward only to 2014-2015.