OH HB341

Creates a nonrefundable Ohio income tax credit for employers who provide health insurance coverage that includes assisted reproduction benefits to all employees for the entire taxable year

Credit amount is $50,000 for employers with fewer than 50 full-time equivalent employees, or $500,000 for employers with 50 or more full-time equivalent employees

Full-time equivalent employee is calculated by dividing total compensated employee hours by 2,080 (standard annual work hours)

Taxpayers with direct or indirect equity interest in a qualifying employer may claim their proportionate share of the credit

Applies to taxable years ending on or after the effective date of the legislation