SB 103 – Creates an income tax deduction for small businesses and farmers that provide health insurance coverage for employees

• Sponsor: Green
• LR Number: 0400S.01I
• Committee: Governmental Accountability and Fiscal Oversight
• Last Action: 2/5/2009 - Hearing Conducted S Governmental Accountability and Fiscal Oversight Committee
• Effective Date: August 28, 2009

Current Bill Summary

SB 103 - This act creates an income tax deduction for small businesses and farmers that provide health insurance coverage for employees. The deduction will be equal to one hundred percent of expenses related to providing employees with health insurance.

This act is similar to Senate Bill 893 (2008), Senate Bill 186 (2007), Senate Bill 622 (2006), and Senate Bill 459 (2005).

JASON ZAMKUS