The 2012 Health Care Act established an Employer Wellness Program Tax Credit that was effective for tax years beginning on or after January 1, 2013 and set to expire on December 31, 2017. The Employer Wellness Program Tax Credit was created to provide incentives for business to recognize the benefits of wellness programs with the goal of providing smaller businesses with an expanded opportunity to implement these programs. The credit is available to both chapter 62 and chapter 63 taxpayers (personal income taxpayers and corporate & business excise taxpayers).
The credit is set at 25 percent of the costs associated with implementing a "certified wellness program." The maximum amount of Employer Wellness Program Credits available to a taxpayer is $10,000 in any tax year. The total amount of Employer Wellness Program Credits authorized by the DPH is subject to a $15 million annual cap starting calendar year 2013. The Employer Wellness Program Tax Credit is neither refundable nor transferrable. However, the portion of the Employer Wellness Program Tax Credit that exceeds the tax for the taxable year may be carried forward and applied against such taxpayer's tax liability in any of the succeeding 5 taxable years. DPH has promulgated a regulation, 105 CMR 216.000, entitled Massachusetts Wellness Tax Credit Incentive, which sets forth criteria for authorizing and certifying the credit.
Origin: St. 2012, c. 224, §§ 41, 41A, 56, 56A, 238, 239, 297, and 298; M.G.L. c. 62, § 6N; M.G.L. c. 63, § 38FF.
Corporate Excise Tax
Credits Against Tax
2.620
Employer Wellness Program Tax Credit
The 2012 Health Care Act established an Employer Wellness Program Tax Credit that was effective for tax years beginning on or after January 1, 2013 and set to expire on December 31, 2017. The Employer Wellness Program Tax Credit was created to provide incentives for business to recognize the benefits of wellness programs with the goal of providing smaller businesses with an expanded opportunity to implement these programs. The credit is available to both <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62" target="_blank">chapter 62</a> and <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter63" target="_blank">chapter 63</a> taxpayers (personal income taxpayers and corporate & business excise taxpayers).<BR><BR>The credit is set at 25 percent of the costs associated with implementing a "certified wellness program." The maximum amount of Employer Wellness Program Credits available to a taxpayer is $10,000 in any tax year. The total amount of Employer Wellness Program Credits authorized by the DPH is subject to a $15 million annual cap starting calendar year 2013. The Employer Wellness Program Tax Credit is neither refundable nor transferrable. However, the portion of the Employer Wellness Program Tax Credit that exceeds the tax for the taxable year may be carried forward and applied against such taxpayer's tax liability in any of the succeeding 5 taxable years. DPH has promulgated a regulation, 105 CMR 216.000, entitled Massachusetts Wellness Tax Credit Incentive, which sets forth criteria for authorizing and certifying the credit.
<a href="https://malegislature.gov/Laws/SessionLaws/Acts/2012/Chapter224" target="_blank">St. 2012, c. 224</a>, §§ 41, 41A, 56, 56A, 238, 239, 297, and 298; M.G.L. <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section6n" target="_blank">c. 62, § 6N</a>; M.G.L. <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter63/Section38ff" target="_blank">c. 63, § 38FF</a>.
0.2
0.1
0.0
0.0
0.0
