Text: HF02055 Text: HF02057 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, the contribution rate applicable 1 22 to an employer with five or fewer employees shall be 1 23 determined by applying the applicable benefit ratio rank for 1 24 that employer to contribution rate table eight. 1 25 EXPLANATION 1 26 This bill provides that the contribution rate assigned to 1 27 an employer of five or fewer employees for purposes of 1 28 payments to the unemployment compensation trust fund shall be 1 29 determined solely by using contribution rate table 8. 1 30 Contribution rate table 8 provides for the lowest contribution 1 31 rates to be assigned employers. Current law provides that the 1 32 contribution rate table applicable to all employers shall be 1 33 determined pursuant to a formula calculating the financial 1 34 status of the unemployment compensation trust fund and the 1 35 bill continues this process for all employers with six or more 2 1 employees. 2 2 LSB 5222YH 78 2 3 ec/cls/14
Text: HF02055 Text: HF02057 Text: HF02000 - HF02099 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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