Mississippi legislation · 2026 Regular Session
Mississippi HB343: Income tax; authorize credit for certain employers providing individual coverage health reimbursement arrangement (ICHRA) to employees.
Status: Signed into law, April 6, 2026
AN ACT TO AUTHORIZE AN INCOME TAX CREDIT FOR CERTAIN EMPLOYERS THAT OFFER AN INDIVIDUAL COVERAGE HEALTH REIMBURSEMENT ARRANGEMENT IN LIEU OF A TRADITIONAL EMPLOYER-PROVIDED HEALTH INSURANCE PLAN; TO PROVIDE THE AMOUNT OF THE TAX CREDIT; TO PROVIDE THE REPORTING REQUIREMENTS WITH THE DEPARTMENT OF REVENUE; AND FOR RELATED PURPOSES.
What the bill says
An act to authorize an income tax credit for certain employers that offer an individual coverage health reimbursement arrangement in lieu of a traditional employer-provided health insurance plan; to provide the amount of the tax credit; to provide the reporting requirements with the department of revenue; and for related purposes.
From the enrolled text, March 31, 2026:
AN ACT TO AUTHORIZE AN INCOME TAX CREDIT FOR CERTAIN EMPLOYERS THAT OFFER AN INDIVIDUAL COVERAGE HEALTH REIMBURSEMENT ARRANGEMENT IN LIEU OF A TRADITIONAL EMPLOYER-PROVIDED HEALTH INSURANCE PLAN; TO PROVIDE THE AMOUNT OF THE TAX CREDIT; TO PROVIDE THE REPORTING REQUIREMENTS WITH THE DEPARTMENT OF REVENUE; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. (1) For purposes of this section, the following words and phrases shall have the meanings as provided in this subsection unless the context clearly indicates otherwise: (a) "Covered employee" means an employee for whom the qualified employer provides a contribution to an ICHRA. (b) "Department" means the Department of Revenue. (c) "ICHRA" means an Individual Coverage Health Reimbursement Arrangement (ICHRA) as described in Section 9831(d) of the Internal Revenue Code. (d) "Qualified employer" means an employer (ii) Is subject to tax liability under this chapter; and *HR43/R463SG* H. B. No. 343 ~ OFFICIAL ~ R3/5 26/HR43/R463SG PAGE 1 (BS\KP) (iii) Offers an ICHRA in lieu of a traditional employer-provided health insurance plan. (2) (a) For the first taxable year in which a qualified employer offers an ICHRA, the employer may claim a credit of up to Four Hundred Dollars ($400.00) per covered employee against the taxes imposed by this chapter, if the employer's contribution to the ICHRA …
Sponsors
- Lamar, John Thomas (R, 8) · primary sponsor
Latest actions
- : Approved by Governor
- : Enrolled Bill Signed
- : Conference Report Adopted
- : Conference Report Filed
- : Conferees Named Harkins,Boyd,Michel
- : Conferees Named Lamar,Steverson,Zuber
- : Decline to Concur/Invite Conf
- : Returned For Concurrence
- : Passed As Amended
- : Amended
Votes
- Conference Report Adopted (March 29, 2026): 48 yea, 2 nay, passed
- Conference Report Adopted (March 29, 2026): 119 yea, 0 nay, passed
- Passed As Amended (March 17, 2026): 45 yea, 4 nay, passed
- Passed (February 25, 2026): 118 yea, 0 nay, passed
Subjects: Income tax
Common questions
- What is HB343?
- HB343 is a bill in the Mississippi Legislature (2026 Regular Session): Income tax; authorize credit for certain employers providing individual coverage health reimbursement arrangement (ICHRA) to employees.
- What does HB343 do?
- In its own words: An act to authorize an income tax credit for certain employers that offer an individual coverage health reimbursement arrangement in lieu of a traditional employer-provided health insurance plan; to provide the amount of the tax credit; to provide the reporting requirements with the department of revenue; and for related purposes.
- What is the status of HB343?
- Signed into law as of April 6, 2026. Latest action: Approved by Governor (April 6, 2026).
- Who sponsored HB343?
- Lamar, John Thomas (R, 8).
- Where is the official record for HB343?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0343.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.