Bill > HB341

This bill creates a tax credit for employers in Ohio who provide health insurance coverage for assisted reproduction, which refers to medical procedures like in vitro fertilization that help individuals or couples with fertility challenges. The bill establishes two tiers of tax credits: employers with fewer than 50 full-time equivalent employees can claim a $50,000 credit, while employers with 50 or more full-time equivalent employees can claim a $500,000 credit. To qualify, employers must offer a health insurance plan that covers assisted reproduction costs and pay a portion of the insurance premiums for their entire taxable year. The credit is nonrefundable, meaning it can reduce an employer's tax liability but cannot result in a tax refund. The bill also amends the existing tax code to specify the order in which this new assisted reproduction insurance coverage credit can be claimed relative to other existing tax credits. The new tax credit will apply to taxable years ending on or after the bill's effective date, providing a financial incentive for employers to support employees seeking fertility treatments.

Budget and Finance

https://www.legislature.ohio.gov/legislation/136/hb341