Ohio SB129 authorizes a tax credit for employers who pay for group health benefit plans for their employees.

Ohio SB129 amends the state's tax code to allow a refundable tax credit for employers who pay premiums for group health benefit plans covering basic health care services for their employees. The credit equals 1.3% of the premiums paid during the calendar year. Employers cannot claim the credit if they provide coverage through a self-insurance program. The credit can be claimed after other specified credits and cannot exceed the tax due. Any excess credit amount can be refunded to the employer.

Ohio SB129 authorizes a tax credit for employers who pay for group health benefit plans for their employees.

Ohio SB129 amends the state's tax code to allow a refundable tax credit for employers who pay premiums for group health benefit plans covering basic health care services for their employees. The credit equals 1.3% of the premiums paid during the calendar year. Employers cannot claim the credit if they provide coverage through a self-insurance program. The credit can be claimed after other specified credits and cannot exceed the tax due. Any excess credit amount can be refunded to the employer.