Bill > HB343

This bill authorizes a state income tax credit for certain employers that offer an Individual Coverage Health Reimbursement Arrangement (ICHRA) to their employees, which is a type of health benefit account that allows employers to reimburse employees for health insurance purchased on the individual market, instead of providing a traditional group health plan. Specifically, qualified employers, defined as those with fewer than 50 employees who are subject to state income tax and offer an ICHRA, can claim a credit of up to $400 per covered employee in the first year they offer an ICHRA, provided their contribution meets certain prior year levels, and up to $200 per covered employee in the second year. Employers claiming this credit must report to the Department of Revenue every three years about their continued ICHRA offering and benefit levels, and the total amount of credits approved annually is capped at $1,000,000, with claims processed chronologically, and any excess credit can be carried forward for ten years, with the credit not exceeding the employer's tax liability.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0343.xml