Maine's Capital Area

Maine Tax Credit

For Wellness Programs

• Behavioral change programs, such as counseling or seminars or

             classes on nutrition, stress management or smoking cessation;

• Incentive awards to employees who engage in regular physical       

                  activity.

If you answered YES to these questions, your business may be eligible for the Maine Tax Credit for Wellness Programs.

Beginning in 2014, an employer with 20 or fewer employees is allowed a credit equal to expenditures for developing, instituting and maintaining a wellness program for its employees. Expenditures applied to a credit claim that are also used as an expense against federal adjusted gross income must be added back to income through a Maine modification. The credit is limited to the lower of $100 per employee or $2,000. The credit cannot reduce Maine income tax liability below zero, but unused portions can be carried forward for up to five years.
36 M.R.S.A. 5219-FF

LINK TO: Maine Income Tax Credits
http://www.maine.gov/revenue/incomeestate/guidance/credit_guidance.htm