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MAINE LEGISLATURE CREATES TAX CREDIT FOR SOME SMALL EMPLOYERS




August 13, 2014


For tax years beginning on or after January 1, 2014, there exists a credit against income tax for Maine employers with 20 or fewer employees equal to the expenditures for developing, instituting and maintaining a wellness program for their employees. The credit is limited to the lesser of $100 per employee or $2,000. The credit cannot reduce tax liability below zero; however, unused portions can be carried forward for up to five years.



Related Professional

  • Christopher G. Stevenson

  • Related Practice Areas

  • Employment & Labor
  • Tax



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