SCS/SB 728 - This act creates a tax credit of up to $2,000 for 10% of the contribution made by a small business to a health reimbursement arrangement. The health reimbursement arrangement must meet certain requirements which basically constitute a hybrid self-insurance plan with an umbrella. Certain farmers will qualify as eligible employees under the definitions provided by the act. The credit can be carried forward for five years, and is not refundable or transferrable. The credits will be administered by the Department of Insurance and the Department of Revenue, jointly. In no fiscal year shall the credits issued exceed $5 million. This act is identical to SCS/SB 26 (2003). JEFF CRAVER