December 13, 2016
On Dec. 2, 2016, the IRS released Notice 2016-75, which provides an exception allowing certain small employers in specified Wisconsin counties to claim the small business health care tax credit, even though they did not purchase coverage through the Small Business Health Options Program (SHOP). This is because no qualified health plan was available in those counties for all or part of 2016.
The exemption applies to employers whose principal business address is in Pierce, Polk or St. Croix Counties and who purchased group health coverage outside of the SHOP. The coverage must otherwise meet the criteria for claiming the tax credit including:
Finally, the exemption applies to 2016 plan years, including those months in 2017 for non-calendar year plans.
IRS Notice 2016-75 »