Ohio HB133 authorizes a tax credit for small employers offering health reimbursement arrangements to employees.

Ohio HB133 introduces a nonrefundable income tax credit for small employers who provide individual coverage health reimbursement arrangements to their employees. Employers with one to fifty employees can claim this credit if they contribute at least four hundred dollars per employee to the arrangement. The credit is claimed in a specific order relative to other tax credits and cannot exceed the taxpayer's aggregate tax due. The bill also repeals the nonrefundable lead abatement credit under section 5747.26 of the Revised Code.

Ohio HB133 authorizes a tax credit for small employers offering health reimbursement arrangements to employees.

Ohio HB133 introduces a nonrefundable income tax credit for small employers who provide individual coverage health reimbursement arrangements to their employees. Employers with one to fifty employees can claim this credit if they contribute at least four hundred dollars per employee to the arrangement. The credit is claimed in a specific order relative to other tax credits and cannot exceed the taxpayer's aggregate tax due. The bill also repeals the nonrefundable lead abatement credit under section 5747.26 of the Revised Code.