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When is a tax increase NOT a tax increase?

FEBRUARY 13, 2020 - The Missouri House heard a bill yesterday that looks like an increase in unemployment taxes, but it really is not.


In fact, House Bill 2072, sponsored by Rep. Allen Andrews, would increase the unemployment tax, then give a simultaneous credit for the increase, resulting in no additional cost for employers. This will allow the money to be earmarked for keeping the online unemployment system up to date while keeping Missouri's system in compliance with federal law.


Rep. Andrews chairs the committee that heard the bill, the House Special Committee on Small Business.


Associated Industries of Missouri supported the bill, as in previous versions filed in prior sessions.


CLICK HERE FOR THE BILL.



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