Loading chat...
MS HB1605
Bill
Status
2/25/2015
Primary Sponsor
Jeffrey Smith
Click for details
AI Summary
-
Allows employers a tax credit equal to 50% of costs paid for qualified wellness programs, with annual credit capped at $20,000 per employer or a tiered calculation based on eligible employees (whichever is less).
-
Limits total aggregate tax credits awarded statewide to $1,000,000 per calendar year.
-
Requires qualified wellness programs to include at least three of four components: health awareness, employee engagement, behavioral change, or supportive environment initiatives.
-
Designates the State Department of Health/Office of Preventative Health to certify employer eligibility annually and gives special consideration to programs addressing congestive heart failure, cancer, hypertension, diabetes, prenatal care, asthma, and addictions.
-
Appropriates $30,000 annually to the Department of Health for program administration and repeals the credit provision on January 1, 2018.
Legislative Description
Income tax; authorize a credit for employers who pay the cost of a qualified wellness program.
Last Action
Died In Committee
2/25/2015