November 3, 2005, Introduced by Senator GEORGE and referred to the Committee on Finance.
A bill to amend 1975 PA 228, entitled
"Single business tax act,"
(MCL 208.1 to 208.145) by adding section 35e.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 35e. (1) For tax years that begin after December 31,
2005, a taxpayer may claim a credit against the tax imposed under
this act equal to the premiums paid in the tax year for wellness
coverage plans described in section 414b of the nonprofit health
care corporation reform act, 1980 PA 350, MCL 550.1414b, or section
3426 of the insurance code of 1956, 1956 PA 218, MCL 500.3426.
(2) For tax years that begin after December 31, 2005, a
taxpayer may claim a credit against the tax imposed under this act
equal to the costs paid in the tax year for a wellness maintenance
or improvement program that are not included under subsection (1),
for the taxpayer's employees. For the costs paid to qualify for the
credit under this subsection, the wellness maintenance or
improvement program must meet all of the following criteria for
each tax year for which a credit under this subsection is claimed:
(a) An employee that participates in the wellness maintenance
or improvement program receives a limited reward for all wellness
programs and the programs must require satisfaction of a standard
related to a health factor.
(b) The wellness maintenance or improvement program must be
reasonably designed to promote good health or prevent disease for
employees in the program.
(c) The reward under the program must be available to all
similarly situated individuals. Plans must allow individualized
adjustments to employees' wellness maintenance or improvement
programs to address the health factors of the particular employees
for whom it is unreasonably difficult to qualify for the benefits
under the program and provide reasonable alternative standards.
(3) If the credits allowed under this section for the tax year
and any unused carryforward of the credits allowed under this
section exceed the tax liability of the taxpayer for the tax year,
the excess shall not be refunded, but may be carried forward as an
offset to the tax liability in subsequent tax years for 10 tax
years or until the excess credit is used up, whichever occurs
first.
Enacting section 1. This amendatory act does not take effect
unless all of the following bills of the 93rd Legislature are
enacted into law:
(a) Senate Bill No. 848.
(b) Senate Bill No. 849.