2005 House Bill 4251

Introduced in the House

Feb. 10, 2005

Introduced by Rep. Rick Jones (R-71)

To eliminate the Single Business Tax (SBT) that businesses pay on their employee health insurance costs. See also 2004 Senate Bills 672 and 673. Note: Because the SBT is a value added tax, offering health insurance to employees raises a firm’s SBT tax liability.

Referred to the Committee on Tax Policy