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Monday, May 3, 2010

Summary of Small Business Health Insurance Tax Credit Under the Patient Protection and Affordable Care Act (PPACA)

Chris L. Peterson
Specialist in Health Care Financing

Hinda Chaikind
Specialist in Health Care Financing

This report provides a description of the small business tax credit and illustrations of the phase-out for qualifying employers' contributions toward their workers' health insurance premiums, based on §1421 and §10105(e) of the Patient Protection and Affordable Care Act (PPACA, P.L. 111-148). This credit is available to for-profit and nonprofit employers with fewer than 25 full-time equivalent employees with average annual wages of less than $50,000.


Date of Report: April 20, 2010
Number of Pages: 6
Order Number: R41158
Price: $19.95

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