Health Insurance for Uninsured Montanans Credit.
You can claim a credit against your income tax liability if your business provides health insurance coverage for its employees. Your credit is a percentage of the premium payments that you made throughout the year for a maximum credit of up to $3,000 per year. In order to qualify for this credit, as an employer you should meet the following criteria: -You have been in business in Montana for at least 12 months. -You employ 20 or fewer employees who work at least 20 hours a week. -You pay at least 50% of each of your employees health insurance premiums. Your credit is limited to a maximum of 10 employees and should include small employer group health insurance under the Small Employer Health Insurance Availability Act. Please Note: If you are using insurance premiums to calculate the Insure Montana small business health credit (which is a separate credit), these premium payments cannot be used to calculate this credit.