Insurance-industry officials remained adamant that a proposal to eliminate a decades-old tax credit will cost jobs and hike premiums as the measure moved forward in the Senate with a significant change.
The Senate Finance and Tax Appropriations Subcommittee unanimously supported the proposal (SB 378), which would eliminate a premium-tax credit for insurers. Under the change made Tuesday, the bill would also offer a 1 percentage-point reduction in a commercial lease tax for businesses, a tax cut that Gov. Rick Scott has supported.
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