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MS SB2868
Bill
AI Summary
- Employers with fewer than 50 employees can claim an income tax credit of up to $400 per covered employee in the first year they offer an Individual Coverage Health Reimbursement Arrangement (ICHRA) instead of traditional health insurance
- Credit drops to $200 per covered employee in the second year of offering an ICHRA
- Total credits claimed statewide are capped at $1,000,000 per calendar year, with claims approved in chronological order until the cap is reached
- Employers must maintain contribution levels equal to or exceeding their prior year's health insurance benefits to qualify for the first-year credit
- Unused credits can be carried forward up to 10 years but cannot be refunded, and employers must report to the Department of Revenue every three years on their continued ICHRA participation
Legislative Description
Income tax; allow credit to employer providing individual coverage health reimbursement arrangement (ICHRA) to employees.
Last Action
Title Suff Do Pass As Amended
3/16/2026
Committee Referrals
Ways and Means2/26/2026
Finance1/19/2026
Full Bill Text
No bill text available