Budget+and+Finance-H

__ Budget & Finance __

Members: Katie D.

Courtney H. Bethany B.

Subcommittee: Katie D.- Taxation & IRS Oversight Courtney H.- Health Care Bethany B.- Social Security, Pensions, & Family Policy

Bills: HF 194 Income Tax Reduction The bill cuts all individual income tax brackets by 20%. Here are the changes:



Impact of 2011 Wisconsin Act 10 (2009‐11 Budget Repair Bill) on Monthly Health Insurance Premiums 2011 Wisconsin Act 10 provides that: • The employer may not pay more than 88% of the average premium cost of the plans offered in the tier with the lowest employee premium cost. Section 9115 of the bill sets the new health insurance premiums for 2011. The director of OSER will determine the employee premium on an annual basis, beginning in 2012. • The new health insurance premiums will become effective with premiums paid in April 2011 and will remain in effect for the remainder of the 2011 coverage year. The law must be published before the new premiums are effective.