INC TX-HEALTH INSURANCE CREDIT

Summary

The bill adds a credit to the Illinois income tax for employers with fewer than 50 workers who contribute to a health reimbursement arrangement (HRA) for their staff. The credit is $400 per employee in the first year and $200 in the second year, and can be carried forward if it exceeds the tax owed. It applies to tax years starting in 2027 through 2030.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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