Kansas Administrative Regulations

Regulation Number:92-12-130
Agency Title: KANSAS DEPARTMENT OF REVENUE
Article Title: Income Tax
Tax Type:Corporate Income Tax; Individual Income Tax; Privilege
Brief Description:Amount of tax credit.
Keywords:
Effective Date:03/24/2006


Body:

92-12-130. Amount of tax credit. For each employer that has established a ‘‘small employer health benefit plan’’ or made any contributions to the ‘‘health savings account’’ of an ‘‘eligible employee,’’ as these terms are defined in K.S.A. 40-2239 and amendments thereto, after December 31, 2004, the amount of tax credit allowed shall be the following: (a) For the first 12 months of the employer’s participation, the lesser of the following:
(1) $70 per month for each eligible employee; or
(2) the actual amount paid by the employer per month for each eligible employee;
(b) for the second 12 months of the employer’s participation, the lesser of the following:
(1) $50 per month for each eligible employee; or
(2) the actual amount paid by the employer per month for each eligible employee; and
(c) for the third 12 months of the employer’s participation, the lesser of the following:
(1) $35 per month for each eligible employee; or
(2) the actual amount paid by the employer for each month per eligible employee. (Authorized by and implementing K.S.A. 40-2246, as amended by L. 2005, ch. 118, 4; effective March 24, 2006.)