establishing a health reimbursement arrangement tax credit program and making an appropriation for improvements in the department of revenue administration's information management system.

Summary

The bill establishes a state tax credit for businesses that adopt a health reimbursement arrangement (HRA) in place of conventional employer‑provided health insurance. Eligible employers can claim up to $400 per employee in the first year and $200 in the second year, with overall caps per company and a $10 million annual limit. The credit is applied against the Business Profits Tax and Business Enterprise Tax, encouraging cost‑effective employee health benefits.

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