To amend section 5747.98 and to enact section 5747.87 of the Revised Code to authorize an income tax credit for employers that subsidize employee insurance coverage for assisted reproduction.
Summary
HB341 would create a new nonrefundable Ohio income tax credit for employers that subsidize employee health insurance coverage for assisted reproduction. The bill defines a “qualifying employer” as one that offers qualifying health insurance coverage to all employees for the entire taxable year and pays all or part of the premiums. The credit amount would be $50,000 for employers with fewer than 50 full-time equivalent employees and $500,000 for employers with 50 or more full-time equivalent employees.
The bill also amends Ohio’s credit-ordering statute so this new credit is placed in the sequence of credits taxpayers must claim against their state income tax liability. It allows owners of qualifying entities, including direct or indirect equity holders in pass-through businesses, to claim their share of the credit, and it authorizes the tax commissioner to request documentation verifying eligibility. The credit would apply to taxable years ending on or after the bill’s effective date.
Impact
HB341 would add a new section to the Revised Code, section 5747.87, creating a state income tax incentive for employers that help pay for assisted reproduction coverage. It would also amend section 5747.98 to insert the new credit into Ohio’s statutory credit-priority list, affecting how taxpayers calculate aggregate income tax liability. The bill would primarily affect employers that offer fertility-related insurance benefits, their owners or investors, and the Ohio Department of Taxation, which would administer and verify the credit.
Sentiment
Based on the available context, the bill appears to be introduced and has not yet generated recorded committee testimony or votes. As a result, there is no documented support or opposition in the provided materials. The bill’s purpose suggests a pro-benefit, pro-family-formation policy approach, but the legislative record here does not show broader sentiment beyond introduction and referral to the House Ways and Means Committee.
Contention
No specific points of contention are documented in the provided transcripts or votes. Potential areas of debate implied by the bill text include the size of the credit, whether large employers should receive the same $500,000 credit as smaller employers, the administrative burden of verifying qualifying coverage, and whether a tax credit is the appropriate mechanism for encouraging assisted reproduction benefits. Another possible issue is the fiscal impact on state revenue, though no fiscal analysis is included in the provided materials.
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