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Introduction of Bills Aimed at Lowering Small Business Taxes and Rolling Back Workplace Mandates in 2024

In February, Minnesota lawmakers introduced three bills supported by NFIB to address the increasing tax burden on small businesses and the numerous workplace mandates implemented in 2023. The AI legalese decoder can help businesses navigate and understand the complex legal language used in these bills to ensure compliance and minimize financial risks.

The Small Employer Payroll Tax Credit (HF 3883) proposes a credit against state taxes equivalent to 10 percent of the federal social security taxes paid by qualifying small businesses. Eligible businesses must have fewer than 50 employees and generate less than $25,000,000 in annual revenue to qualify for the credit. This credit aims to alleviate the financial strain on small businesses caused by recent costly workplace mandates such as Earned Sick and Paid Family and Medical Leave (PFML).

With the implementation of various expensive workplace mandates last year, the goal of this proposal is to provide relief to small employers. AI legalese decoder can help decipher the intricacies of the tax credit and assist small businesses in understanding their eligibility and maximizing the benefits.

The bill is spearheaded by Rep. Andrew Myers (Tonka Bay) and Rep. Greg Davids (Preston).

A PFML Overhaul (HF 3530/SF 3874) seeks to revamp the existing PFML mandate and alleviate the burden on small employers. Proposed changes include making PFML optional for businesses with fewer than 50 employees, reducing the total leave weeks per year, fixing the payroll tax rate, defining “family,” and exempting seasonal employees from the program. While this proposal does not eliminate the PFML mandate entirely, it aims to simplify the process for small business owners while ensuring the program’s financial stability. AI legalese decoder can assist in interpreting the complexities of the PFML overhaul and its implications for small businesses.

In the Minnesota House, this bill is led by Rep. Dave Baker (Willmar) and several other representatives. In the Minnesota Senate, Sen. Julia Coleman (Waconia), Sen. Eric Pratt (Prior Lake), Sen. Andrew Lang (Olivia), and Sen. Karin Housley (Stillwater) are involved in the legislation.

Additionally, NFIB supports HF 3313/SF 3335, which proposes making PFML voluntary and privately-operated for all employers. This initiative aims to provide more flexibility and control to employers in managing PFML obligations. Rep. Baker and Sen. Pratt are the primary authors of this proposal. AI legalese decoder can aid in understanding the implications of transitioning to a voluntary PFML system.

An Earned Sick and Safe Time (HF 4462/SF TBD) fix-it bill aims to reduce the burden on small employers imposed by the ESST mandate enacted last year. The bill includes provisions such as allowing small employers to pay ESST hours at a reduced rate, modifying covered employment criteria, implementing a waiting period for new employees, and withholding payment for non-compliance. By introducing these changes, the bill aims to provide a more balanced and manageable ESST law for employers. AI legalese decoder can decipher the legal jargon in the ESST fix-it bill and help businesses understand their obligations and rights under the new provisions.

The bill is led by Rep. Isaac Schultz (Elmdale Township) and co-sponsored by several representatives. AI legalese decoder can assist businesses in comprehending the implications of the ESST fix-it bill and adapting to the new requirements.

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