Some good news for California employers that are providing group health insurance for their employees. On August 15th the Governor signed SB1034 which will allow employers to have a 90 day waiting period for new employees. The waiting period under previous law was 60 days. The 90 day waiting period conforms with the Affordable Care Act.
The usual effective date for legislation is the first of the following
year after passage or in this case 2015, but it was the intent to be
effective immediately. Insurance companies are handling this differently
so check with your broker to see how this will work for you.
Small Business California continues to push for the Governor’s signature
of SB 610. This will level the playing field between Franchisors and
Franchisee on contracts. We met last week with Mike Rossi in the
Governor’s office on this . We are very hopeful the Governor will sign
Small Business California is strongly supporting AB 1399 which will
establish a California New Markets Tax Credit. This legislation was put
forth by the Committee on Jobs and Economic Development. We are working
closely with our good friend Toni Symonds consultant to the Committee.
The Governor has until the end of the month to sign or veto legislation
for this session. For more detailed information on these bills go to www.leginfo.ca.gov
Small Business California
2311 Taraval Street
San Francisco, CA 94116