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A BILL TO BE ENTITLED
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AN ACT
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relating to tax credit for purchase of health insurance. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Chapter 171, Tax Code is amended by adding |
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Subchapter N to read as follows: |
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SUBCHAPTER N. TAX CREDIT FOR HEALTH INSURANCE |
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Sec. 171.701. ENTITLEMENT TO CREDIT. A taxable entity is |
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entitled to a credit in the amount and under the conditions and |
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limitations provided by this subchapter against the tax imposed |
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under this chapter in the amount and under the conditions and |
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limitations provided by this subchapter. |
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SECTION 2. Chapter 151, Tax Code is amended by adding |
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Section 151.433 to read as follows: |
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Sec. 151.433. TAX CREDIT FOR HEALTH INSURANCE. A taxable |
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entity is entitled to a credit in the amount and under the |
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conditions and limitations provided by this subchapter against the |
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tax imposed under this chapter in the amount and under the |
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conditions and limitations provided by this subchapter. |
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SECTION 3. This Act takes effect September 1, 2015. |