Tax credit helps small firms pay health insurance

Providing for Small Business Health Care Premiums Contribution Tax Credit.

Engrossed· 2026-06-10

Who's it for

Who's it for: Small businesses

What it means for you

7/10Helps you

Good for everyday people ·

Cost shiftHeavily funded

Plain‑English summary, cross‑checked against the official bill text.

The bill would let small businesses claim a tax credit for the health insurance premiums they pay for their workers.

Our take

What we think, in plain words.

If passed, small firms could keep more money, which may let them keep offering health plans, while the state loses tax revenue that could fund other services.

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The facts

What the bill actually says, no spin.

The bill creates a tax credit for small businesses that pay employee health insurance premiums.
The credit reduces the amount of tax the business owes to the state.
The bill has passed the Senate with a 200‑2 vote and is now in the House Finance Committee.