Code Section 45R

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Section 45R was added to the Internal Revenue Code by section 1421 of the Patient Protection and Affordable Care Act.

Section 45R is effective for taxable years beginning after December 31, 2009. Section 45R provides a Federal income tax credit to eligible small employers, including tax-exempt organizations, that make nonelective contributions towards their employees’ health insurance premiums under an arrangement that meets certain requirements.

See Small Business Health Care Tax Credit.