California Assemblyman Anthony Portantino, D-Pasadena, has proposed legislation that would lessen the burden on small businesses.
According to the Pasadena Star-News, the bill, Assembly Bill 11, would establish a 20 percent tax credit to help small businesses pay for workers compensation premiums. Qualifying employers would be those with fewer than 20 employees and with less than $1 million in annual revenue. (WCxKit)
The workers comp credit would be allocated on a first-come, first-served basis.
The bill is geared to maintain protections for California's labor force, while helping to prevent the forms of cuts and layoffs that have been prevalent since the Great Recession began.
Portantino also noted that the bill would not make any changes to the California’s current workers comp laws. It simply assists small businesses in paying for it. (WCxKit)
A.B. 11 would be funded by allocating $200 million presently available under the seldom used small-business hiring credit to the workers comp credit
Author Rebecca Shafer, JD, President of Amaxx Risks Solutions, Inc. is a national expert in the field of workers compensation. She is a writer, speaker and website publisher. Her expertise is working with employers to reduce workers compensation costs, and her clients include airlines, healthcare, printing/publishing, pharmaceuticals, retail, hospitality and manufacturing.
Contact: [email protected] or 860-553-6604.
WC IQ TEST: http://www.workerscompkit.com/intro/
WORK COMP CALCULATOR: http://www.LowerWC.com/calculator.php
MODIFIED DUTY CALCULATOR: http://www.LowerWC.com/transitional-duty-cost-calculator.php
WC GROUP: http://www.linkedin.com/groups?homeNewMember=&gid=1922050/
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Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker or agent about workers comp issues.
SUBSCRIBE: Workers Comp Resource Center Newsletter
Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker or agent about workers comp issues.
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