Please ensure Javascript is enabled for purposes of website accessibility Mazzocco bill to support small business health coverage advances through committee

Mazzocco bill to support small business health coverage advances through committee

HARRISBURG, June 3 – Today, legislation sponsored by state Rep. Jen Mazzocco (H.B. 2550) advanced through the House Finance Committee.

The bill would establish the Small Business Health Care Premiums Contribution Tax Credit, allowing small business owners to claim a tax credit for contributing to their employees’ health insurance premiums. This legislation would help address gaps left by Affordable Care Act cuts, many of which affected the small business community, and include safeguards related to the quality of health insurance purchased.

Mazzocco introduced the bill alongside co-prime sponsors Rep. Arvind Venkat, D-Allegheny, and Finance Committee Chair, Rep. Steve Samuelson, D-Northampton. The committee heard testimony from several experts during a May 20 hearing before reporting out the measure on June 3.

“With no federal solution in sight, it is on us to lend a hand to our small business community in need,” Mazzocco said. “Right now, employees across the Commonwealth are having to choose between their health and their wallet, and this is one step toward ending those concerns. I appreciate my colleagues in the House Finance Committee for their support on this critical issue.”

House Bill 2550 now advances to the full House for consideration.