Saturday, April 09, 2005

HB 734: Employee Health Saving Account Tax Credit

H.B. 734, P.N. 825 (BOYD) This would amend the Tax Reform Code, Act 2 of 1971, P.L. 6.
A tax credit would be provided for contributions made to an employee health saving account to pay for a qualified high deductible health insurance policy. The tax credit would be half the aggregate contribution made to such an account that benefits the employee, spouse, and dependents or 25% the aggregate contribution to such an account that benefits solely the employee. An unused tax credit could be carried forth for no more than 15 taxable years.


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