| ||||||||
|
As taken from the Library of Congress THOMAS legislative information site.
HR RESOURCES
HEALTHCARE RESOURCES
Federal Legislative Alert Please call or write your Senators and Representative and urge them to cosponsor H.R. 1634/S. 772, the Workforce Health Improvement Program (WHIP) Act. Organizations are increasingly interested in promoting healthy living programs for their workforces as one strategy for addressing rising health care costs. Employees that engage in fitness programs and activities are generally more productive, have lower incidences of workplace injuries, lower health care costs, and are healthier overall. The WHIP Act would enable employers to help their employees focus on healthier habits and fitness, resulting in a healthier lifestyle and fewer health-related expenses. H.R. 1634/S. 772 would enable an employer to deduct the cost of subsidizing or providing off-site fitness center benefits for their employees. Under current law, businesses are permitted to deduct the cost of on-site workout facilities, but not the cost of fitness center benefits. The WHIP Act would provide parity to employers who subsidize or provide off-site fitness center benefits for their employees. In addition, the WHIP Act would exclude this wellness benefit from being considered taxable income for employees. Under current law, employees who receive the off-site fitness center subsidy are required to pay income tax on the benefit. More often than not, if employees have to pay taxes on a benefit offered by their employer, employees will choose not to participate in the benefit. To encourage employees to participate in this benefit offering, H.R. 1634/ S. 772 would ensure that the wellness benefit from off-site fitness facilities is not taxed as income for employees.
~ SHRM OTHER FEDERAL BILLS & THEIR STATUS |
||||||||
| ||||||||
Copyright ©1999-2010 - Powered by Jobing.com Local Jobs | ||||||||