(HB 1027)
Unemployment insurance wage base and contribution rates revised.
Section
1.
That
§
61-1-35
be amended to read as follows:
61-1-35.
As used in this title,
unless the context otherwise plainly requires, prior to January 1,
1978, the term "wages" does not include that part of remuneration which, after remuneration equal
to four thousand two hundred dollars has been paid in a calendar year to an individual by an
employer or his predecessor with respect to employment during any calendar year, is paid to such
individual by such employer during such calendar year unless that part of the remuneration is
subject to a tax under a federal law imposing a tax against which credit may be taken for
contributions required to be paid into a state unemployment fund. From January 1, 1978, to
December 31, 1982, the term "wages" does not include that part of remuneration which, after
remuneration equal to six thousand dollars has been paid in a calendar year to an individual by an
employer or his predecessor with respect to employment during any calendar year, is paid to such
individual by such employer during such calendar year unless that part of the remuneration is
subject to a tax under a federal law imposing a tax against which credit may be taken for
contributions required to be paid into a state unemployment fund. From January 1, 1983, and
thereafter, the term "wages" does not include remuneration of more than seven thousand dollars
paid in a calendar year to an individual employee by his employer, or the employer's predecessor,
for employment during that calendar year, unless additional remuneration is subject to a federal
law which imposes a tax against which credit may be taken for contributions required to be paid
into a state unemployment fund.
the term, wages, means remuneration paid in a calendar year to
an employee by an employer or the employer's predecessor for employment during any calendar
year. The term includes remuneration in addition to the wages defined in this section which are
subject to a federal law imposing a tax against which credit may be taken for contributions required
to be paid into a state unemployment fund.
Section
2.
That
§
61-5-18.14
be amended to read as follows:
61-5-18.14.
The employer's reserve ratio for calendar year 1993
and thereafter
to calendar year
2006, inclusive,
shall be the result obtained by dividing the balance of credits existing in the
employer's experience-rating account by the total taxable payroll of the employer for the preceding
three calendar years.
Column "A" |
Column "B"
|
Contribution Rate |
Reserve Ratio
|
7.00% | Less than -7.00% |
6.50% | -7.00% and Less than -6.50% |
6.00% | -6.50% and Less than -6.00% |
5.50% | -6.00% and Less than -5.50% |
5.00% | -5.50% and Less than -5.00% |
4.50% | -5.00% and Less than -4.50% |
4.00% | -4.50% and Less than -4.00% |
3.50% | -4.00% and Less than -3.50% |
3.00% | -3.50% and Less than -3.00% |
2.50% | -3.00% and Less than -2.50% |
2.00% | -2.50% and Less than -2.00% |
1.80% | -2.00% and Less than -1.50% |
1.60% | -1.50% and Less than -1.00% |
1.40% | -1.00% and Less than -0.50% |
1.20% | -0.50% and Less than 0.00% |
1.00% | 0.00% and Less than 0.20% |
0.90% | 0.20% and Less than 0.40% |
0.80% | 0.40% and Less than 0.60% |
0.70% | 0.60% and Less than 0.80% |
0.60% | 0.80% and Less than 1.00% |
0.50% | 1.00% and Less than 1.20% |
0.40% | 1.20% and Less than 1.30% |
0.30% | 1.30% and Less than 1.40% |
0.20% | 1.40% and Less than 1.50% |
0.10% | 1.50% and Less than 1.60% |
0.00% | 1.60% and Over |
Section
3.
That chapter
61-5
be amended by adding thereto a NEW SECTION to read as
follows:
Column "A" |
Column "B"
|
Contribution Rate |
Reserve Ratio
|
8.50% | Less than -7.00% |
8.00% | -7.00% and Less than -6.50% |
7.50% | -6.50% and Less than -6.00% |
7.00% | -6.00% and Less than -5.50% |
6.50% | -5.50% and Less than -5.00% |
6.00% | -5.00% and Less than -4.50% |
5.50% | -4.50% and Less than -4.00% |
5.00% | -4.00% and Less than -3.50% |
4.50% | -3.50% and Less than -3.00% |
4.00% | -3.00% and Less than -2.50% |
3.50% | -2.50% and Less than -2.00% |
3.00% | -2.00% and Less than -1.50% |
2.50% | -1.50% and Less than -1.00% |
2.00% | -1.00% and Less than -0.50% |
1.50% | -0.50% and Less than 0.00% |
1.00% | 0.00% and Less than 0.20% |
0.90% | 0.20% and Less than 0.40% |
0.80% | 0.40% and Less than 0.60% |
0.70% | 0.60% and Less than 0.80% |
0.60% | 0.80% and Less than 1.00% |
0.50% | 1.00% and Less than 1.20% |
0.40% | 1.20% and Less than 1.30% |
0.30% | 1.30% and Less than 1.40% |
0.20% | 1.40% and Less than 1.50% |
0.10% | 1.50% and Less than 1.60% |
0.00% | 1.60% and Over |
Section
5.
That
§
61-5-23
be amended to read as follows:
Column A |
Column B
|
Balance in Fund | Rates |
$11,000,000 | .1 % |
10,500,000 | .2 % |
10,000,000 | .3 % |
9,500,000 | .4 % |
9,000,000 | .5 % |
8,500,000 | .6 % |
8,000,000 | .7 % |
7,500,000 | .8 % |
7,000,000 | .9 % |
6,500,000 | 1.0 % |
6,000,000 | 1.25% |
5,500,000 | 1.5 % |