{
  "id": "R41158",
  "type": "CRS Report",
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      "id": 437070,
      "date": "2014-11-04",
      "retrieved": "2016-04-06T19:57:48.850639",
      "title": "Summary of the Small Business Health Insurance Tax Credit Under ACA",
      "summary": "The Patient Protection and Affordable Care Act (ACA; P.L. 111-148, as amended) includes a number of provisions intended to improve access to small group health insurance coverage. One of the provisions is the small business health insurance tax credit. Certain non-profit and for-profit small employers may be eligible for the credit, provided they cover at least 50% of the cost of each of their employees\u2019 self-only health insurance premiums. \nBeginning in 2014, the credit is generally available only to qualifying employers that purchase health insurance coverage through a small business health options program (SHOP) exchange. Also, as of 2014, the credit is available only for two consecutive years, starting with the first year a qualified employer purchases coverage through a SHOP exchange. \nNot all qualifying employers will receive the maximum credit amount. Qualifying employers may claim the maximum credit amount if they meet the following two criteria:\nthe employer has 10 or fewer full-time equivalents (FTEs), and\nthe employer\u2019s average taxable wages are $25,400 or less in 2014. \nThe credit is phased out as the number of FTEs increases from 10 to 25 and as average employee compensation increases. In 2014 and in subsequent years, the maximum credit is 50% of a for-profit employer\u2019s contribution toward premiums, and 35% of a non-profit employer\u2019s contributions toward premiums.",
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      "topics": [
        {
          "source": "IBCList",
          "id": 3746,
          "name": "Health Care Reform"
        }
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    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc815661/",
      "id": "R41158_2010Apr20",
      "date": "2010-04-20",
      "retrieved": "2016-03-19T13:57:26",
      "title": "Summary of Small Business Health Insurance Tax Credit Under PPACA (P.L. 111-148)",
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    },
    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc812950/",
      "id": "R41158_2010Apr05",
      "date": "2010-04-05",
      "retrieved": "2016-03-19T13:57:26",
      "title": "Summary of Small Business Health Insurance Tax Credit Under PPACA (P.L. 111-148)",
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      "type": "CRS Report",
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}