MS SB2289 | 2020 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on June 3 2020 - 100% progression
Action: 2020-06-03 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on June 3 2020 - 100% progression
Action: 2020-06-03 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Summary
An Act To Provide An Income Tax Credit To Employers Who Pay Costs In Connection With A Qualified Wellness Program In The Amount Of 50% Of The Costs Paid In Connection With The Qualified Wellness Program; To Limit The Amount Of The Credit That An Employer May Claim In Any One Taxable Year; To Provide That The Aggregate Amount Of Tax Credits That May Be Awarded Under This Act In Any One Calendar Year Shall Not Exceed $1,000,000.00; To Provide The Components That A Wellness Program Must Have To Qualify For The Credit; To Provide That If The Amount Of The Allowable Credit Exceeds The Income Tax Liability Of The Employer In A Taxable Year, The Amount Of The Excess Shall Not Be Refundable Or Carried Forward To Any Other Taxable Year; To Require The State Department Of Health, Office Of Preventive Health, To Certify Employers' Eligibility For The Credit; To Provide That $30,000.00 Shall Be Appropriated Annually To The Department Of Health, Office Of Preventive Health, To Assist In The Discharge Of The Office's Duties Under This Act; And For Related Purposes.
Title
Income tax; authorize a credit for employers who pay the cost of a qualified wellness program.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-06-03 | Senate | Died In Committee |
| 2020-02-07 | Senate | Referred To Finance;Accountability, Efficiency, Transparency |
Mississippi State Sources
| Type | Source |
|---|---|
| Summary | https://billstatus.ls.state.ms.us/2020/pdf/history/SB/SB2289.xml |
| Text | https://billstatus.ls.state.ms.us/documents/2020/html/SB/2200-2299/SB2289IN.htm |
