Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee trims small-employer health credit, sends bill to finance with $2.5M cap
Summary
The Ways and Means Committee amended Senate Bill 635 to reduce an aggregate tax-credit cap to $2.5 million and add a $40,000 appropriation for systems; the bill would provide a $300-per-employee startup credit for small employers who begin offering certain HRAs for two years and now moves to finance (committee vote 3–2).
The Ways and Means Committee voted to advance Senate Bill 635, amending the proposal to reduce its aggregate exposure and add implementation funding.
Under the amendment adopted by the committee, the bill would provide a $300-per-employee tax credit for small employers that begin offering certain individual coverage HRAs (ICRA/QSEHRA-like arrangements). The credit would be available for two years per eligible business, allow up to three years of carryforward for unused credits, and retain a first-come, first-served application process. The committee reduced the bill's aggregate cap from $10,000,000 to $2,500,000 and added a $40,000 appropriation requested by…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
