S-1854 Will Prevent $1 Billion Business Tax Increase
Senator Joe Pennacchio, a member of the Senate Budget and Appropriations Committee, asked Senate President Sweeney to post legislation, S-1854, which would reform the state UI Fund to prevent a $ 1 billion tax increase that will take effect July 1, 2010. The bill and the letter are attached.
“There is great interest in both the Executive Branch and the Legislature in avoiding a $1 billion tax increase that will stop the frail economic recovery dead in its tracks,” Pennacchio stated.
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