| || |
DIGEST OF INTRODUCED BILL
Small employer qualified wellness program tax credit. Provides that the small employer qualified wellness program tax credit (program) is extended for taxable years beginning after December 31, 2013, and before January 1, 2020. Expands the program to include small employers with not more than 250 eligible employees. Eliminates the carryforward of any unused tax credit under the program for expenditures incurred after December 31, 2013. Imposes a maximum of $5,000 on the amount of the credit that a small employer may claim in a taxable year. Provides that an aggregate of not more than $5,000,000 in tax credits may be claimed under the program during any budget biennium after December 31, 2013. Repeals a redundant definition of "pass through entity".