Updated March 31 at 8:31pm

Ackerman introduces tax incentive for wellness

PROVIDENCE – Rep. Mia A. Ackerman, D-Cumberland, has introduced a bill on behalf of Lt. Gov. Elizabeth H. Roberts that would create a tax credit for small employers that implement a wellness program for employees. More

To continue reading this article, please do one of the following.



Sign up to receive Providence Business News' newsletters
and breaking news alerts.  

small business

Ackerman introduces tax incentive for wellness

Posted:

PROVIDENCE – Rep. Mia A. Ackerman, D-Cumberland, has introduced a bill on behalf of Lt. Gov. Elizabeth H. Roberts that would create a tax credit for small employers that implement a wellness program for employees.

The program would be subject to standards set by the R.I. Department of Health.

The wellness credit would equal 25 percent of the costs associated with implementing the program, with the maximum credit of $10,000 per business in any tax year. The program would become available on Jan. 1. According to a news release, the Smaller Business Association of New England is among the supporters of the bill.

Ackerman said that while many large companies and public entities have the means to offer wellness opportunities, small businesses have a tougher time offering incentives.

Other states, such as Massachusetts and Indiana, have begun tackling the issue with similar proposals and programs, she said. •

28~07, 052013 Rhode Island & Massachusetts News Briefs, wellness, State Rep. Mia A. Ackerman, politics, public policy, government¸, 28~07, issue052013export.pbn

Comments

No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment
Latest News