Texas SB1949 provides a tax refund or credit for small employers contributing to individual coverage health reimbursement arrangements.

Texas SB1949 amends the Tax Code to allow small employers to receive a tax refund or credit for contributions to individual coverage health reimbursement arrangements. A small employer is defined as a person who employed an average of at least one employee but not more than 50 employees. The refund or credit amount is determined based on the number of covered individuals and the contributions made. The bill takes effect January 1, 2026.

Texas SB1949 provides a tax refund or credit for small employers contributing to individual coverage health reimbursement arrangements.

Texas SB1949 amends the Tax Code to allow small employers to receive a tax refund or credit for contributions to individual coverage health reimbursement arrangements. A small employer is defined as a person who employed an average of at least one employee but not more than 50 employees. The refund or credit amount is determined based on the number of covered individuals and the contributions made. The bill takes effect January 1, 2026.