Large and Mid-Size Corporate Heath Insurance Bill

[MasterJedi]

I hereby open up the final vote on this bill. Please vote Aye, Nay or Abstain.

Sec 1.  Any corporation, partnership, or sole proprietorship in Atlasia that has-

         (a) over $20 million in average gross receipts over the past 3 years shall pay at least a 65% portion of their employee's health premiums towards a qualified health insurance plan.

         (b) over $100 million in average gross receipts over the past 3 years shall pay at least an 80% portion of their employee's health insurance premiums towards a qualified health insurance plan.   

Sec. 2  Tax Credits

        (a) Corporate employers who have to comply with these new regulations shall receive a tax credit of 10% of premiums paid on their Form 1120.

        (b)  Partnership and sole proprietors shall receive a pro rata portion of the 10% credit on their Form 1040 after profits have been distributed.

[MasterJedi]

Nay

[MasterJedi]

This bill has enough votes to fail. Senators now have 24 hours to change their votes.

[MasterJedi]

With 1 Aye, 8 Nays and 0 Abstentions this bill has failed.