The budget deal signed by President Obama last week included a delay of 2 years of the Cadillac Tax. Scheduled under the Affordable Care Act, the Cadillac Tax was scheduled to take effect 2018. It now will take effect 2020 and there will be great pressure between now and then to repeal the tax completely.
The Cadillac tax imposes a 40% excise tax on employer sponsored health premiums exceeding $10,250 for individuals and $27,500 for families. The tax is paid by employers.
In 2016 Small Business California will be celebrating its 11th anniversary. Many of you have been receiving these emails/mail chimps from the beginning and we have added literally thousands of small businesses over the last 11 years.
Small Business California has been a factor in Sacramento representing small business with Lori Kammerer, our public affairs representative and I testifying on hundreds of bills coming before the legislature over the years. If you are not currently a member I hope you will consider joining. The cost is $150 a year for small businesses with less than $1 million in gross receipts and $300 for businesses over $1 million. You can join online at www.smallbusinesscalifornia.org or we can invoice you if you provide us information by return email.
Small Business California wants to wish all of you and your family a wonderful Holiday Season.
Small Business California
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San Francisco, CA 94116