SB 5061 would provide nearly $1.9 billion in tax relief for employers to 2021 to 2025, according the Employment Security Department.
“I’ve heard from many business owners who have received their tax bills for the next quarter, which is due April 1. Those tax bills for some of our hardest-hit employers have increased 500, 600% and more from last year’s tax bill,” said Sen. Karen Keiser, the primary sponsor of the bill. “During a recession and a pandemic, that is unsustainable and unacceptable.”