Common Good Vermont: Health Care Tax Credits for Nonprofits
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Common Good Vermont's Lauren-Glenn Davitian speaks with Tim Cope of Fleischer Jacobs Group about health care tax credits and rebates available for Vermont's nonprofit sector. More information is available from the IRS here.
The new health reform law gives a tax credit to certain small employers that provide health care coverage to their employees, effective with tax years beginning in 2010. An enhanced version of the credit will be effective beginning in 2014. The new law, the Patient Protection and Affordable Care Act, was passed by Congress and was signed by President Obama on March 23, 2010.