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IN HB1259
Bill
Status
1/13/2015
Primary Sponsor
Robin Shackleford
Click for details
AI Summary
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Restores the income tax credit for small employers providing qualified wellness programs to employees for taxable years beginning after December 31, 2015.
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Prohibits awarding credits for costs incurred after December 31, 2019.
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Allows unused credits for costs incurred between December 31, 2015, and January 1, 2020, to be carried forward to the taxpayer's succeeding six taxable years.
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Extends the statute expiration date from January 1, 2020, to January 1, 2025.
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Becomes effective January 1, 2016.
Legislative Description
Employer wellness tax credit. Restores the income tax credit for small employers who provide a qualified wellness program for their employees for taxable years beginning after December 31, 2015. Provides that the credit may not be awarded for costs incurred after December 31, 2019. Provides that an unused credit for costs incurred after December 31, 2015, and before January 1, 2020, may be carried forward to the taxpayer's succeeding six taxable years. Provides that the statute expires in 2025 rather than in 2020.
Last Action
Representative Porter added as coauthor
1/15/2015