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2014 SESSION

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HB 22 Unemployment compensation; calculating an employer's benefit ratio.

Introduced by: Kaye Kory | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Unemployment compensation; benefit ratio. Provides that an employer's payroll, for purposes of calculating its benefit ratio and state unemployment tax rate, shall be deemed to be $1 when the employer's taxable payroll for the applicable 12-month period is not more than $1. The measure eliminates the necessity of dividing the employer's benefit charges by a payroll amount of $0, which produces an infinite benefit ratio and results in an assessment of state unemployment taxes at the highest rate.


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