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H03352018 Regular Session

Amends existing law to revise the calculation of the taxable wage rate by reducing the fund size multiplier and to provide for the issuance of adjusted taxable wage rates by the director under certain circumstances.

EMPLOYMENT SECURITY LAW -- Amends existing law to revise the calculation of the taxable wage rate by reducing the fund size multiplier and to provide for the issuance of adjusted taxable wage rates by the director under certain circumstances.

EMPLOYMENT SECURITY LAW

STATEMENT OF PURPOSE

Amends Section 72-1350, Idaho Code, to reduce the taxable wage rate used for determining employers' unemployment insurance taxes by adjusting the unemployment fund size multiplier downward. This bill will result in a substantial net tax savings to Idaho's covered employers.

HOW THEY VOTED

house Chamber· Jan 16, 2018

House Third Reading

✓ Passed
69 Yea
0 Nay
1 absentPassed by 98.57 votes

ABSENT / NOT VOTING (1)

LATEST ACTION

Reported Signed by Governor on January 31, 2018 Session Law Chapter 1 Effective: Retroactive to 01/01/2018

BILL INFO

Session
2018
Chamber
house
Status date
Jan 31, 2018

DOCUMENTS

LINKS

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