On Feb. 14, Gov. Edward B. Calvo called the legislature into special session to consider two bills that allegedly provide a solution to stabilize the government and prevent furloughs, a reduction in hours or paydays without paychecks.
Bill 245-34, originally introduced as Bill 1 (2-S) by Calvo, proposes to raise the Business Privilege Tax from 4% to 6%, for the next two years: 0.25% for Department of Education critical capital improvements, 0.75% for the hospital and 1% to maintain government operations. The rate will automatically be lowered down to 4.75% after two years. The additional . . .
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