MS HB1547

Allows employers a tax credit equal to 50% of costs paid for a qualified wellness program against Mississippi income taxes.

Limits credit to $200 per eligible employee (up to 200 employees) plus $100 per eligible employee over 200, with "eligible employee" defined as working an average of at least 25 hours per week.

Requires qualified wellness programs to include at least three of five components: health awareness, employee engagement, behavioral change, supportive environment, and related health promotion initiatives.

Excess credits cannot be refunded or carried forward to future tax years, and the credit applies to partnerships and S-corporations according to their distributive shares.

Expires January 1, 2019, effective January 1, 2014.