Bill Text: TX HB4012 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Relating to tax credit for purchase of health insurance.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2015-03-23 - Referred to Ways & Means [HB4012 Detail]
Download: Texas-2015-HB4012-Introduced.html
| By: Martinez Fischer | H.B. No. 4012 | |
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| relating to tax credit for purchase of health insurance. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 171, Tax Code is amended by adding | ||
| Subchapter N to read as follows: | ||
| SUBCHAPTER N. TAX CREDIT FOR HEALTH INSURANCE | ||
| Sec. 171.701. ENTITLEMENT TO CREDIT. A taxable entity is | ||
| entitled to a credit in the amount and under the conditions and | ||
| limitations provided by this subchapter against the tax imposed | ||
| under this chapter in the amount and under the conditions and | ||
| limitations provided by this subchapter. | ||
| SECTION 2. Chapter 151, Tax Code is amended by adding | ||
| Section 151.433 to read as follows: | ||
| Sec. 151.433. TAX CREDIT FOR HEALTH INSURANCE. A taxable | ||
| entity is entitled to a credit in the amount and under the | ||
| conditions and limitations provided by this subchapter against the | ||
| tax imposed under this chapter in the amount and under the | ||
| conditions and limitations provided by this subchapter. | ||
| SECTION 3. This Act takes effect September 1, 2015. | ||
