Income tax; authorize credit for certain employers providing individual coverage health reimbursement arrangement (ICHRA) to employees.

Summary

The law lets employers with fewer than 50 workers claim up to $400 per employee in state income‑tax credits the first year they provide an Individual Coverage Health Reimbursement Arrangement (ICHRA), and $200 the second year. Credits are limited to the employer’s tax liability, capped at $1 million statewide each fiscal year, and require periodic reporting to the Department of Revenue.

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