HB2694

Arizona HB2694 provides a tax credit for small businesses that offer individual coverage health reimbursement arrangements to their employees.

Arizona HB2694 introduces a tax credit for small businesses that offer individual coverage health reimbursement arrangements to their employees. This credit applies to businesses with one to fifty employees. Employers must contribute at least $400 per employee to the arrangement. The credit can be carried forward for up to five years if unused. The bill also mandates that the joint legislative income tax credit review committee review this credit. The credit aims to support small businesses in providing health benefits to their employees.