Limitation on Unfair Competition by Non-Profits
NFIB members have been in competition with non-profit organizations that offer goods and services for sale while paying no income or collecting sales taxes. Non-profits now will be required to collect sales tax after selling $6,000 of tangible goods in a calendar year. After that year, they will be required to collect sales tax on all gross sales. This will provide a more level playing field between non-profits and for-profits.
Arbitration to Limit Lawsuits
Lawsuits by employees can drag on for extended periods of time and cost a lot of money. Kentucky employers can now require both current and respective employees to agree to arbitration of disputes, rather than lawsuits. It also allows employers to make having a background check a condition of future and current employment. Arbitration will allow for fair and swift resolution of claims, savings thousands of dollars and time.
Stopped ‘Up the Ladder’ Workers’ Compensation Premiums
NFIB members have reported receiving “surprise” costs on their workers’ compensation premiums when it is discovered that their subcontractors canceled coverage for their workers. NFIB Kentucky led the way in the creation of a system of electronic notification if a subcontractor makes a change to their workers’ compensation policy. The system provides a procedure to enter the workers’ compensation policy number of the subcontractor and receive email notifications of cancellations. This new system will save tens of thousands of dollars.
