Posted Oct. 1, 2010
The AVMA is supporting the Hire Now Tax Act (S. 2983). This bill would exempt for-profit and nonprofit employers from paying their portion of Social Security taxes in 2010 for new employees hired after Feb. 3, 2010, who had been without full-time work for at least 60 days. S. 2983 would also allow an increase in the general business tax credit for the retention of such employees for at least one year at specified wage levels. The legislation is currently under consideration by the Senate Finance Committee. For more information on the Hire Now Tax Act, contact Gina Luke, assistant director of the AVMA Governmental Relations Division, at (800) 321-1473, Ext. 3204.
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