Proposed legislation would benefit healthy companies.In July, Sens. Tom Harkin Thomas Richard "Tom" Harkin (born November 19, 1939) is a Democratic Senator from Iowa, serving in his fourth senate term. A Democrat, he is currently Chairman of the Senate Committee on Agriculture, Nutrition, and Forestry. Early life Harkin was born in Cumming, Iowa. (D-Iowa) and Gordon Smith
Gordon Harold Smith (born May 25, 1952) is Oregon's junior United States Senator, currently serving his second term. He is a member of the Republican Party. (R-Ore.) introduced the Healthy Workforce Act to provide tax incentives to businesses, particularly small and medium-sized employers, that provide opportunities for their employees to lead healthier lives and prevent chronic illness. Key provisions of the legislation include allowing employers to receive a tax credit equal to 50% of the costs paid or incurred in connection with a qualified wellness program up to $200 per employee for the first 200 employees and $100 per employee for remaining employees. Employers who do not have a qualified wellness program and implement one as a result of the legislation can receive the tax credit for up to 10 years, and those with existing programs can benefit for up to three years. The tax credit is paid through a payroll tax Payroll Tax Tax an employer withholds and/or pays on behalf of their employees based on the wage or salary of the employee. In most countries, including the U.S., both state and federal authorities collect some form of payroll tax. refund TO REFUND. To pay back by the party who has received it, to the party who has paid it, money which ought not to have been paid. 2. On a deficiency of assets, executors and administrators cum testamento annexo, are entitled to have refunded to them legacies , so it benefits all employers who pay wages. |
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