HB84 Alabama 2010 Session

Summary

Primary Sponsor

Jay Love

Republican

Co-Sponsor

Gerald H. Allen

Session

Regular Session 2010

Title

Income tax, employers, certain small businesses and employees, health insurance premiums, tax deduction under certain conditions, implementation only upon certain revenue growth in Education Trust Fund

Description

To encourage small businesses to provide health insurance coverage for employees, certain qualifying small businesses will be allowed to deduct enhanced amounts for expenses related to health insurance premiums, if certain conditions are met.

Additionally, in order to encourage employee participation in their employer's health insurance plans, qualifying employees will also be allowed to deduct certain amounts they contribute toward their health insurance premiums, if certain conditions are met.

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Subjects

Taxation