Relating to: tax credit for small businesses offering individual coverage health reimbursement arrangements. (FE)

Summary

The bill allows qualifying small employers (1‑50 employees) to claim a state tax credit of $400 for each employee who receives an individual coverage health reimbursement arrangement, provided the employer contributes at least $400 per employee. Partnerships, LLCs and tax‑option corporations cannot claim the credit themselves; they must allocate the credit to their owners, who claim it in proportion to their ownership. The credit is applied against the business’s Wisconsin income tax.

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