By Staff Report
Mar. 9, 2010
Tax legislation that would further extend COBRA health insurance premium subsidies moved closer to passage when the Senate voted 66-34 on Tuesday, March 9, to stop debate on the measure.
The Senate action sets the stage for a final floor vote on the bill, H.R. 4213, which would extend the 65 percent, 15-month federal premium subsidy to employees involuntarily terminated through December 31.
The Tuesday vote followed a stopgap extension for employees terminated involuntarily from March 1-31 that President Barack Obama signed into law last week.
The Senate measure, which was introduced as a substitute amendment to H.R. 4213, a bill already passed by the House, also would allow employees who first lost group coverage due to a reduction in hours and then were terminated to receive the COBRA premium subsidy, so long as certain conditions were met.
Other provisions would give employers more time to make required contributions to their pension plans and extend other expiring U.S. Tax Code sections. Following expected approval of the latest COBRA extension by the Senate, the House would again have to vote on the measure.
We build robust scheduling & attendance software for businesses with 500+ frontline workers. With custom BI reporting and demand-driven scheduling, we help our customers reduce labor spend and increase profitability across their business. It's as simple as that.
ComplianceMinimum Wage by State in 2022 – All You Need to Know
Summary The federal minimum wage rate is $7.25, but the rate is higher in 30 states, along with Washing...
federal law, minimum wage, pay rates, state law, wage law compliance
LegalCalifornia’s push for a 32-hour workweek explained, and how to prepare
Summary: California is considering a 32-hour workweek bill for businesses with over 500 staff 4 day wee...
32 hour workweek, 4 day workweek, california, legislature, overtime
LegalA business owner’s guide to restaurant tipping law
Business owners in the restaurant industry are in a unique position when it comes to employee tips. As ...
restaurants, tip laws, tipping