House Approves $300 Million Business Tax Break - Spokane, North Idaho News & Weather KHQ.com

House Approves $300 Million Business Tax Break

OLYMPIA, Wash. (AP) - The Legislature's attempt to speedily approve $300 million in tax breaks has moved forward, with the House unanimously voting for a bill that also included benefits for
the newly unemployed.

Lawmakers had been working on a tight deadline. Gov. Chris Gregoire has demanded that the Legislature deliver a bill cutting 2011's unemployment insurance rates by this week. If that provision is not signed into law in time, Gregoire says businesses could see their unemployment taxes jump by an average of 36 percent.

Legislators in the House voted Wednesday to give business the tax break and include a pay bump for the unemployed of $25 a week in existing benefits to people who enroll in unemployment between March and November of this year. The bump is temporary. That money
is being drawn from $68 million the state is getting from the federal government. Once the $68 million runs out, the increase in the benefits will no longer exist.
      

       (Copyright 2011 by The Associated Press.  All Rights Reserved.)
   

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