Text: HF02052 Text: HF02054 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 96.7, subsection 2, paragraph d,
1 2 unnumbered paragraph 4, Code Supplement 1999, is amended to
1 3 read as follows:
1 4 Each employer qualified for an experience rating shall be
1 5 assigned a contribution rate for each rate year that
1 6 corresponds to the employer's benefit ratio rank in the
1 7 contribution rate table effective for the rate year from the
1 8 following contribution rate tables. Each employer's benefit
1 9 ratio rank shall be computed by listing all the employers by
1 10 increasing benefit ratios, from the lowest benefit ratio to
1 11 the highest benefit ratio and grouping the employers so listed
1 12 into twenty-one separate ranks containing as nearly as
1 13 possible four and seventy-six hundredths percent of the total
1 14 taxable wages, excluding reimbursable employment wages, paid
1 15 in covered employment during the four completed calendar
1 16 quarters immediately preceding the computation date. If an
1 17 employer's taxable wages qualify the employer for two separate
1 18 benefit ratio ranks the employer shall be afforded the benefit
1 19 ratio rank assigned the lower contribution rate. Employers
1 20 with identical benefit ratios shall be assigned to the same
1 21 benefit ratio rank. However, employers with five or fewer
1 22 employees shall not be assigned a contribution rate that
1 23 exceeds two percent.
1 24 EXPLANATION
1 25 This bill provides that the contribution rate assigned to
1 26 an employer of five or fewer employees for purposes of
1 27 payments to the unemployment compensation trust fund shall not
1 28 exceed 2 percent. The current contribution rate tables
1 29 provide for a contribution rate of up to 9 percent for an
1 30 employer regardless of the number of employees, depending on
1 31 the unemployment benefit experience of the employer and the
1 32 financial status of the unemployment compensation trust fund.
1 33 LSB 5223YH 78
1 34 ec/cls/14
Text: HF02052 Text: HF02054 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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