state_legiscan_drain · IL
INC TX-HEALTH INSURANCE CREDIT
February 5, 2026
Summary
If enacted, this bill would provide an income tax credit to qualified employers who make contributions to health reimbursement arrangements for employees: $400 per employee in the first taxable year and $200 per employee in the second taxable year. The credit applies to contributions made on behalf of covered employees, including part-time and seasonal workers. The bill is effective immediately upon becoming law.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
How this was generated
We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.
Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=3619&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Common questions
- What does "INC TX-HEALTH INSURANCE CREDIT" cover?
- If enacted, this bill would provide an income tax credit to qualified employers who make contributions to health reimbursement arrangements for employees:…
- When was it published?
- It was published on February 5, 2026.