Walker to sign HSA bill into law on Monday - WKOW 27: Madison, WI Breaking News, Weather and Sports

Walker to sign HSA bill into law on Monday

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MADISON (WKOW) -- Scott Walker will sign his first bill into law Monday as Governor of Wisconsin.

Gov. Walker will sign Act 1 at EVCO Plastics in DeForest.

Act 1 will eliminate the state tax contributions made to health savings accounts.

The measure passed last week in both the senate and the assembly. It's part of a package of proposals Walker says will help improve the state's business climate.

Opponents have stressed that eliminating the tax will deepen the state's three-billion dollar budget gap.

The state senate will consider other bills this week that are Gov. Walker's priorities

On Tuesday, the state Senate plans to pass a bill that would exempt new companies from paying income taxes for two years. It already cleared the Assembly.

The Senate also plans to vote on a bill increasing economic development tax credits by $25 million, although those weren't expected to be used over the next two years.

 

 

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