p. 29, n. 59, first line. Delete two and insert four.
p. 29, n. 59, third line. Delete first and.
p. 29, n. 59, fourth line. Insert before period:
, (3) qualified credit counseling organizations that desire classification as social welfare organizations (see § 1.8) (IRC § 501(q)), by reason of IRC § 501(q)(3), and (4) qualified health insurance issuers (see § 13.3) (IRC § 501(c)(29)), by reason of IRC § 501(c)(29)(B)(i).
p. 34. Insert following existing material:
The health reform legislation enacted in 2010 introduced a small employer health insurance tax credit,92 effective with tax years beginning in 2010.93 (An enhanced version of the credit is to become effective in 2014.) This credit is designed to encourage small employers to provide health insurance to their employees, for the first time or as maintenance of the coverage they have.
To be eligible for the credit, which is for health insurance premiums paid, the employer must be qualified. A qualified employer must (1) have fewer than 25 full-time equivalent employees (FTEs) for the tax year, (2) pay average annual wages for the year that are less than $50,000 per FTE, and (3) pay the premiums under a qualifying arrangement. A tax-exempt organization94 may be a qualified employer.
An employer ...