Introduced Version






SENATE BILL No. 310

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DIGEST OF INTRODUCED BILL



Citations Affected: IC 6-3.1-31-9; IC 6-3.1-31-10.

Synopsis: Employer income tax credit for health care plan. Provides a state income tax credit to an employer that pays or provides reimbursement for all or part of the cost of a health benefit plan made available to employees if the employer is eligible to or did receive the credit for offering a health benefit plan. Allows an employer to claim a credit for 25% of the amount paid or reimbursed, up to the lesser of $100 per employee or $5,000 for a taxable year.

Effective: January 1, 2010 (retroactive).





Stutzman




    January 11, 2010, read first time and referred to Committee on Tax and Fiscal Policy.







Introduced

Second Regular Session 116th General Assembly (2010)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
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SENATE BILL No. 310



    A BILL FOR AN ACT to amend the Indiana Code concerning taxation.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 6-3.1-31-9; (10)IN0310.1.1. -->     SECTION 1. IC 6-3.1-31-9, AS ADDED BY P.L.218-2007, SECTION 5, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JANUARY 1, 2010 (RETROACTIVE)]: Sec. 9. (a) An employer may pay or provide reimbursement for all or part of the cost of a health benefit plan made available under section 8 of this chapter.
    (b) An employer that pays or provides reimbursement under subsection (a) shall pay or provide reimbursement on an equal basis for all full-time employees who elect to participate in the health benefit plan.
     (c) An employer that pays or provides reimbursement under subsection (a) is entitled to a credit in addition to the credit under section 8 of this chapter. The amount of the credit for a taxable year is the least of the following:
        (1) Twenty-five percent (25%) of the amount paid or reimbursed under subsection (a).
        (2) Five thousand dollars ($5,000).
        (3) One hundred dollars ($100) multiplied by the number of

employees for which the employer pays or provides reimbursement under subsection (a) during the taxable year.

SOURCE: IC 6-3.1-31-10; (10)IN0310.1.2. -->     SECTION 2. IC 6-3.1-31-10, AS ADDED BY P.L.218-2007, SECTION 5, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JANUARY 1, 2010 (RETROACTIVE)]: Sec. 10. (a) If the amount credit amounts determined under section sections 8 and 9 of this chapter for a taxpayer in a taxable year exceeds exceed the taxpayer's state tax liability for that taxable year, the taxpayer may carry the excess over to the following taxable years. The amount of the credit carryover from a taxable year shall be reduced to the extent that the carryover is used by the taxpayer to obtain a credit under this chapter for any subsequent taxable year. A taxpayer is not entitled to a carryback.
    (b) A taxpayer is not entitled to a refund of any unused credit.
SOURCE: ; (10)IN0310.1.3. -->     SECTION 3. [EFFECTIVE JANUARY 1, 2010 (RETROACTIVE)] (a) IC 6-3.1-31-9, as amended by this act, applies to taxable years beginning after December 31, 2009.
    (b) This SECTION expires January 1, 2012.

SOURCE: ; (10)IN0310.1.4. -->     SECTION 4. An emergency is declared for this act.