The insurance industry in Florida has banded together to urge the Florida House of Representatives to repeal a bill that would rescind a tax credit on insurance companies' payrolls.
According to several trade associations, the Florida Senate has unanimously passed a measure, SB 1832, to get rid of the nearly 30-year-old credit for creating corporate job in the Sunshine State.
The American Insurance Association says the 14 percent tax credit has incentivized insurers to hire Florida employees.
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