Arkansas legislation · 95th General Assembly (2025 Regular)
Arkansas HB1698: TO AMEND THE LAW CONCERNING THE INCOME TAX TREATMENT OF EMPLOYER CONTRIBUTIONS FOR AN EMPLOYEE'S MEMBERSHIP IN A HEALTHCARE SHARING MINISTRY OR OTHER MEDICAL COST-SHARING PROGRAM
Status: Failed, May 5, 2025
What the bill says
An act to be entitled an act to amend the law concerning the income tax treatment of employer contributions for an employee's membership in a healthcare sharing ministry or other medical cost-sharing program; to exclude employer contributions for an employee's membership in a healthcare sharing ministry or other medical costsharing program from income tax; to allow an income tax deduction for an employer's contribution for an employee's membership in a healthcare sharing ministry or other medical cost-sharing program; and for other purposes…
From the introduced text:
An Act To Be Entitled AN ACT TO AMEND THE LAW CONCERNING THE INCOME TAX TREATMENT OF EMPLOYER CONTRIBUTIONS FOR AN EMPLOYEE'S MEMBERSHIP IN A HEALTHCARE SHARING MINISTRY OR OTHER MEDICAL COST-SHARING PROGRAM; TO EXCLUDE EMPLOYER CONTRIBUTIONS FOR AN EMPLOYEE'S MEMBERSHIP IN A HEALTHCARE SHARING MINISTRY OR OTHER MEDICAL COSTSHARING PROGRAM FROM INCOME TAX; TO ALLOW AN INCOME TAX DEDUCTION FOR AN EMPLOYER'S CONTRIBUTION FOR AN EMPLOYEE'S MEMBERSHIP IN A HEALTHCARE SHARING MINISTRY OR OTHER MEDICAL COST-SHARING PROGRAM; AND FOR OTHER PURPOSES. Subtitle TO AMEND THE LAW CONCERNING THE INCOME TAX TREATMENT OF EMPLOYER CONTRIBUTIONS FOR AN EMPLOYEE'S MEMBERSHIP IN A HEALTHCARE SHARING MINISTRY OR OTHER MEDICAL COST-SHARING PROGRAM. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code § 26-51-404(b), concerning exclusions from "gross income" under the Income Tax Act of 1929, is amended to add an additional subdivision to read as follows: (36)(A) Contributions by an employer for an employee's membership in a healthcare sharing ministry as defined in § 23-60-104 or other medical cost-sharing program. *JLL249* 03-31-2025 11:24:33 JLL249 As Engrossed: H3/17/25 H3/31/25 HB1698 (B) A self-employed person may claim the exclusion provided under subdivision (b)(36)(A) of this section for contributions for his or her own membership in a healthcare sharing ministry as defined in § 23-60-104 or other medical cost-sharing …