Ohio HB133 authorizes a tax credit for small employers offering health reimbursement arrangements to employees.
Ohio HB133 creates a nonrefundable income tax credit for small employers who provide an individual coverage health reimbursement arrangement to their employees. The credit applies to employers with more than one but fewer than fifty-one employees. To qualify, employers must contribute at least $100 per employee to the arrangement. The credit amount is $400 multiplied by the number of employees benefiting from the arrangement. Owners of pass-through entities can also claim the credit.
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