The bill amends section 5747.98 and enacts section 5747.87 of the Revised Code to introduce a nonrefundable income tax credit for employers who subsidize employee insurance coverage for assisted reproduction. The new section defines key terms such as "qualifying health insurance plan," "assisted reproduction," and "qualifying employer." It specifies that a qualifying employer must offer a qualifying health insurance plan to all employees and pay a portion of the premiums. The credit amount is set at $50,000 for employers with fewer than fifty full-time equivalent employees and $500,000 for those with fifty or more. Taxpayers with equity interests in qualifying employers can claim a share of the credit.

Additionally, the bill modifies the order in which taxpayers must claim credits against their aggregate tax liability under section 5747.02, inserting the new assisted reproduction insurance coverage credit into the list. The existing section 5747.98 is repealed, and the new provisions will apply to taxable years ending on or after the effective date of the bill. This legislation aims to incentivize employers to support their employees' reproductive health through insurance coverage.

Statutes affected:
As Introduced: 5747.98