Income tax; allow credit to employer providing individual coverage health reimbursement arrangement (ICHRA) to employees.

Summary

The bill would let qualifying employers with fewer than 50 workers claim up to $400 per employee in the first year and $200 in the second year for contributions to an Individual Coverage Health Reimbursement Arrangement (ICHRA). It requires periodic reporting and caps the total credits at $1 million per year. The credit can be carried forward for up to ten years but cannot be refunded or applied to prior years.

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

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