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MississippiHB 3432026 Regular SessionHouseWALLET

Income tax; authorize credit for certain employers providing individual coverage health reimbursement arrangement (ICHRA) to employees.

Sponsored By: John Thomas "Trey" Lamar (Republican)

Signed by Governor

Ways and MeansFinance

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Tax credit for small employers offering ICHRA

Starting January 1, 2026, small employers with fewer than 50 employees can get a state income tax credit for offering an Individual Coverage Health Reimbursement Arrangement (ICHRA) instead of a traditional group plan. In the first taxable year they offer an ICHRA, the credit is up to $400 per covered employee, if their ICHRA contribution at least matches the prior year’s benefit level or per-person amount. In the second taxable year, the credit is up to $200 per covered employee if they keep the ICHRA. Employers must be subject to Mississippi income tax.

Caps and filing rules for ICHRA credit

Starting January 1, 2026, an employer cannot use more ICHRA credit than its Mississippi income tax bill. Any unused amount carries forward for up to 10 years. The state can approve no more than $1 million in credits each fiscal year, first-come, first-served, so late filers may get none. Employers must claim the credit on the annual return and provide records the Department of Revenue requires. Any employer that claimed the credit must report every three years whether it kept the ICHRA and what benefits it provided. The Department sets rules to run the program.

Sponsors & Cosponsors

Sponsor

  • John Thomas "Trey" Lamar

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 330 • No: 6

Senate vote • 3/29/2026

Conference Report Adopted

Yes: 48 • No: 2

House vote • 3/29/2026

Conference Report Adopted

Yes: 119 • No: 0

Senate vote • 3/17/2026

Passed As Amended

Yes: 45 • No: 4 • Other: 3

House vote • 2/25/2026

Passed

Yes: 118 • No: 0

Actions Timeline

  1. Approved by Governor

    4/6/2026legislature

  2. Enrolled Bill Signed

    3/31/2026Senate

  3. Enrolled Bill Signed

    3/31/2026House

  4. Conference Report Adopted

    3/29/2026Senate

  5. Conference Report Adopted

    3/29/2026House

  6. Conference Report Filed

    3/27/2026Senate

  7. Conference Report Filed

    3/27/2026House

  8. Conferees Named Harkins,Boyd,Michel

    3/24/2026Senate

  9. Conferees Named Lamar,Steverson,Zuber

    3/23/2026House

  10. Decline to Concur/Invite Conf

    3/19/2026House

  11. Returned For Concurrence

    3/18/2026Senate

  12. Passed As Amended

    3/17/2026Senate

  13. Amended

    3/17/2026Senate

  14. Title Suff Do Pass As Amended

    3/10/2026Senate

  15. Referred To Finance

    3/4/2026Senate

  16. Transmitted To Senate

    2/26/2026House

  17. Passed

    2/25/2026House

  18. Title Suff Do Pass

    2/24/2026House

  19. Referred To Ways and Means

    1/8/2026House

Bill Text

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