Louisiana 2010 Regular Session

Louisiana Senate Bill SB416

Introduced
3/29/10  

Caption

Provides relative to the Louisiana Quality Jobs Program. (gov sig)

Impact

If signed into law, SB 416 would amend existing provisions relating to the Louisiana Quality Jobs Program, effectively allowing employers to maintain multiple quality job contracts while providing clarity on health care coverage requirements. The stipulation that dental and vision coverage counts towards the $1.25 per hour benefit value could incentivize employers to enhance their health benefits packages. Furthermore, by applying retroactively, the bill could bring changes to previously established contracts, potentially impacting ongoing economic arrangements for various employers.

Summary

Senate Bill 416, also known as the Louisiana Quality Jobs Program amendment, seeks to enhance the existing framework around economic development incentives for employers in Louisiana. The bill revises the definitions of 'employer' and 'health benefit plan' to ensure that businesses provide a basic health benefits plan valued at no less than $1.25 per hour for newly created direct jobs. Additionally, it allows for a waiting period of up to 180 days before employees receive health insurance coverage, aiming to strike a balance between business flexibility and employee welfare.

Sentiment

The discussion around SB 416 appears to be generally supportive among legislative members who prioritize economic growth and job creation. Proponents argue that by modernizing the requirements of the Quality Jobs Program, the bill will help attract and retain businesses in Louisiana, ultimately benefitting the state's economy. However, there may be concerns regarding the adequacy of health benefits provided during the initial waiting period for new employees, with critics possibly viewing this aspect as insufficient protection for workers.

Contention

A notable point of contention stems from the proposed waiting period for health benefits, which some might argue could undermine employee security, particularly for lower-wage workers who may be more dependent on immediate health coverage. Furthermore, while the bill encourages employer participation in the Quality Jobs Program, there might be fears that the flexibility granted to businesses could lead to variability in how health benefits are administered, potentially leaving employees at a disadvantage compared to more established job markets.

Companion Bills

No companion bills found.

Previously Filed As

LA SB724

Provides relative to the Louisiana Quality Jobs Programs Act. (8/1/12)

LA HB381

Clarifies and specifies the value of health care benefits offered to employees as a factor in the determination of qualification for tax rebates under the Louisiana Quality Jobs Program (EN DECREASE GF RV See Note)

LA SB173

Provides for program changes to the Louisiana Quality Jobs Program Act. (7/1/22) (OR DECREASE GF RV See Note)

LA HB783

Relative to the Louisiana Quality Jobs Program (EN DECREASE GF RV See Note)

LA SB183

Provides termination dates for certain tax incentive and rebate programs. (gov sig) (EN INCREASE GF RV See Note)

LA SB260

Provides for filing claims to receive certain rebates or credits under the Quality Jobs program. (gov sig)

LA SB41

Provides for the Louisiana Quality Jobs Program Act. (gov sig) (EN SEE FISC NOTE GF RV See Note)

LA HB354

Authorizes an additional payroll rebate for certain new direct jobs created pursuant to the Quality Jobs Program

LA SB6

Makes permanent reductions to credits and rebates under the Enterprise Zone, Quality Jobs, and Competitive Project Payroll Incentive programs. (Items #26 and 27) (gov sig) (EG +$23,290,000 GF RV See Note)

LA SB233

Establishes a baseline limit on the payment of rebates and the use of tax credits in a fiscal year for Enterprise Zone and Quality Job Program contracts and provides a sunset date for the Enterprise Zone program. (gov sig)

Similar Bills

No similar bills found.