Bills › 89th General Assembly
Providing for an infertility coverage tax credit available against the income, franchise, gross premiums, and moneys and credits tax, and including applicability date provisions
Where it is now
- Done: IntroducedFebruary 18, 2021
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary Businesses can receive a tax credit if they pay for infertility diagnosis and treatment for their employees. The credit gives companies up to $500 for each covered employee, with a total limit of $50,000. If a business has extra credit left over, they can use it toward their taxes for the next five years.1
Read the official explanation
This bill provides businesses with an infertility coverage tax credit for providing coverage benefits for the diagnosis and treatment of infertility, and is available against the income, franchise, gross premiums, or moneys and credits tax. The amount of the credit equals $500 per employee with the infertility coverage, not to exceed $50,000. The credit is nonrefundable but any excess may be carried forward for up to five years. The bill applies to tax years beginning on or after January 1, 2022.