By: Martinez Fischer H.B. No. 4012
A BILL TO BE ENTITLED
AN ACT
relating to tax credit for purchase of health insurance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 171, Tax Code is amended by adding
Subchapter N to read as follows:
SUBCHAPTER N. TAX CREDIT FOR HEALTH INSURANCE
Sec. 171.701. ENTITLEMENT TO CREDIT. A taxable entity is
entitled to a credit in the amount and under the conditions and
limitations provided by this subchapter against the tax imposed
under this chapter in the amount and under the conditions and
limitations provided by this subchapter.
SECTION 2. Chapter 151, Tax Code is amended by adding
Section 151.433 to read as follows:
Sec. 151.433. TAX CREDIT FOR HEALTH INSURANCE. A taxable
entity is entitled to a credit in the amount and under the
conditions and limitations provided by this subchapter against the
tax imposed under this chapter in the amount and under the
conditions and limitations provided by this subchapter.
SECTION 3. This Act takes effect September 1, 2015.