To reduce but not eliminate the Single Business Tax (SBT) that businesses pay on their employee health insurance costs. Because the SBT is a value added tax, offering health insurance to employees raises a firm’s SBT tax liability. The bill would tax firms on 40 percent of their health care costs beginning in 2009.
106 Yeas / 0 Nays | |
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Excused or Not Voting (4) | |
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