NFIB: Small Businesses Applaud Plan to Shore Up Unemployment Trust Fund

Date: March 11, 2021

NFIB State Executive Director Bill Herrle released the following statement today on Senate President Wilton Simpson and House Speaker Chris Sprowl’s plan require out-of-state retailers to collect sales taxes on purchases by Florida residents and use that revenue to shore up the state’s unemployment trust fund: 

“This is a billion-dollar-a-year shot in the arm for Florida’s small businesses.

“The pandemic put a lot of people out of work, and that’s put a real strain on the state’s unemployment system. President Simpson and Speaker Sprowls’ plan would generate about $1 billion a year in revenue that would be earmarked for unemployment benefits, meaning there’s no reason now to increase the UI tax on small businesses that are struggling to keep the doors open and avoid additional layoffs.

“Our members are urging their legislators to support small businesses by voting ‘yes’ on President Simpson and Speaker Sprowls’ commonsense plan.”

Related Content: Small Business News | Florida

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