The legislation calls for amending U.S. tax laws to allow a tax credit for employers who provide wellness initiatives, such as health awareness workshops, health risk assessments, and workplace programs on nutrition, stress management, or smoking cessation.

Tax credits would also apply to companies who offer a supportive environment for workers to indulge in healthier behaviors. This could mean a reduction in health insurance premiums or other incentives for participants.

U.S. Senators Tom Harkin (D-Idaho) and John Cornyn (R-Texas) and U.S. Representatives Earl Blumenauer (D-Ore.) and Mary Bono Mack (R-Calif.) sponsored the proposed law, which was introduced in the House and Senate last week.

Neither chamber has made available a public version of the bill, yet. If the new legislation follows the 2007 bill, then small employers (fewer than 200 workers) would receive a $200 tax credit per employee, and mid-size to large employers (more than 200 employees) would earn a $100 credit per employee.

“Employer spending on health promotion and chronic disease prevention is a good investment.  Studies have reported a proven rate of return on investment within 12 to 18 months, ranging from $2 to $10 for each dollar invested,” says Harkin. “It simply makes sense to partner with employers and leverage the place where Americans spend the majority of their waking hours -- the workplace,” he adds.

“As we look to reform our health care system, it is essential that we take proactive measures that will encourage Americans to live healthier lives, which will help reduce health care costs, improve quality of life and increase productivity in the workplace,” says Bono Mack.

The legislation comes at an opportune time when President Barack Obama has reiterated his commitment to health care reform, a reason that bill supporters expect the legislation to pass this time around.