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“A bill creating a tax credit for businesses that offer workplace wellness programs has been passed by the Wisconsin State Legislature and is on its way to being signed by Gov. Scott Walker,” BizTimes.com reports.
The Healthy Jobs Act “was unanimously passed by both the Assembly and Senate. An amendment tweaking the legislation, setting a five-year sunset on the credit, was approved on a voice vote in the State Senate on Tuesday.”
According to the Legislative Fiscal Bureau, “This bill creates an income and franchise tax credit for workplace wellness programs. The amount of the credit is equal to 30 percent of the amount that an employer pays in the taxable year to provide a workplace wellness program to any of the employer's employees who are employed at a small business in this state. A workplace wellness program is a health or fitness program, as certified by the Department of Health Services, that is provided with health risk assessments.”
Under the bill’s proposal, businesses with 50 or fewer employees that implement a wellness program would be eligible for a grant equal to 30 percent of the cost of implementing the program.
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