advertisement

State lowering tax on workers' compensation benefits

Wednesday, October 29, 2008 | 2:19 p.m. CDT

JEFFERSON CITY — Missouri is lowering a tax on employers for workers' compensation benefits from 1 percent to 0.5 percent starting next year.

But a surcharge that businesses also pay into a state fund for twice-injured workers will stay at 3 percent. A 2005 law capped employer contributions to the Second Injury Fund at no more than the 3 percent level.

The Second Injury Fund was created after World War II to help encourage the employment of injured war veterans. But a state audit and an independent financial analysis have both forecast it to run out of money.


Like what you see here? Become a member.


Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Comments

Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.

advertisements