§ 31-121. State Innovation Waiver to administer federal Small Business Health Care Tax Credit
West's Annotated Code of MarylandInsuranceEffective: July 1, 2019
Effective: July 1, 2019
MD Code, Insurance, § 31-121
§ 31-121. State Innovation Waiver to administer federal Small Business Health Care Tax Credit
(a) The Exchange, in consultation with the Commissioner and as approved by the Board, may submit a State Innovation Waiver application under § 1332 of the Affordable Care Act to allow the State to administer the federal Small Business Health Care Tax Credit to small businesses for monthly premium payments.
Determination whether application is needed to distribute tax credit to employers enrolled in SHOP Exchange
(b) Before applying for a State Innovation Waiver under subsection (a) of this section, the Exchange shall determine whether the State needs to apply for a State Innovation Waiver in order to distribute the federal Small Business Health Care Tax Credit on a monthly basis to eligible employers enrolling in the SHOP Exchange.
Credits
Added by Acts 2019, c. 401, § 1, eff. July 1, 2019.
MD Code, Insurance, § 31-121, MD INSURANCE § 31-121
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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