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Committee advances small‑business tax credit to offset employer health reimbursement contributions
Summary
Representative Hilton presented language to create a tax credit of $400 per covered employee for the first three years when employers contribute $200 per month to employee health reimbursement accounts; the committee advanced the measure unanimously.
Representative Hilton presented language originally from House Bill 1110 that would create a small‑business tax credit to encourage employers to provide funds for employee Health Reimbursement Arrangements.
Under the proposal, qualifying small employers would receive a $400 tax credit per covered employee in each of the first three years if the employer contributes $200 per month to an employee’s health reimbursement account, enabling employees to purchase health coverage. Hilton said the change is aimed at recruitment and retention of workers and is supported by organizations including the Georgia Chamber and the NFIB.
A motion to advance the measure was made and seconded on the floor; the committee recorded unanimous support and passed the measure.
Next steps: The bill was advanced by the committee and will continue through the legislative process.
