HB565

Pennsylvania HB565 provides a tax credit for employers who contribute to employees' health insurance premiums.

HB565 establishes the Employer Health Insurance Contribution Tax Credit in Pennsylvania. Employers can claim a tax credit for contributions made toward employees' eligible health insurance premium costs. The credit amount varies based on the number of employees: 100% for fewer than 50 employees, 75% for 50 to 99 employees, and 50% for 100 or more employees. The first $5,000 of contributions per employee and $500 per employee toward the aggregate contribution are excluded from income. Employers must make equal contributions to all employees with eligible health insurance costs.