California Introduces Tax Credit Bill
advertisement
Interact With Us
Best of 2011
Top Stories of 2011
The most popular stories of 2011. Did your favorites make our list?
Resource Center
Buyers Guide
Find industry businesses by product or service categories, view company profiles and more.
Club Industry Trade Show
Club Industry Show and Conference, held each October, is the premier event for fitness and wellness professionals. Find out more about Exhibitors, Events, and Education.
Industry Events & Trade Shows
The industry-wide calendar features listings for educational events, trade shows and more.
Classifieds
View classified ads for health club equipment and services, plus business opportunities and job postings.
Current Issue
Read stories from the latest print issue of Club Industry magazine.
Club info and News
Read news about some of the biggest names in the industry.
- 24 Hour Fitness
- Anytime Fitness
- Bally Total Fitness
- Crunch Fitness
- Club One
- Curves
- Equinox
- Gold's Gym
- Health Fitness Corp.
- LA Fitness
- Life Time Fitness
- Lifestyle Family Fitness
- Planet Fitness
- Plus One Management
- Powerhouse Gyms
- Snap Fitness
- Spectrum Athletic Clubs
- Sport & Health
- Town Sports International
- Sports Club Co.
- Urban Active
- Wellbridge
- Western Athletic Clubs
- World Gym
E-Newsletter Signup
Breaking news on the industry, people on the move, mergers and acquisitions and much more. Delivered weekly.
SACRAMENTO, CA – A bill that is pending in the California Assembly would give businesses a tax credit to improve the fitness of their employees. The credit would be equal to 10 percent of what businesses spend each year on fitness improvement.
The measure, according to the San Francisco Chronicle, also would allow employers to claim the same credit for half the cost of hiring a person or company to provide nutritional advice, yoga instruction or substance-abuse prevention.
Bill AB1439, introduced by Assemblyman Lloyd Levine, D-Van Nuys, on Feb. 23, says that fitness expenditures include an employee gym, swimming pool, weight room, running track and indoor and outdoor courts or sports fields.
Others costs that would count toward the credit include equipping an amateur athletic team, contracting with another organization to operate an employee fitness facility and subsidizing health club memberships for workers.
Gov. Arnold Schwarzenegger stated a goal in January of extending health insurance coverage to California’s 6.5 million uninsured residents and bringing down treatment costs through disease prevention. The tax credit bill must pass through both the Assembly and the Senate before reaching Schwarzenegger, who has not taken a position on the bill but is supportive of its goal, according to the Chronicle.
Want to use this article? Click here for options!
© 2012 Penton Media Inc.











Acceptable Use Policy blog comments powered by Disqus