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SB 691 - This act provides that any employer required to make contributions under the unemployment compensation laws shall pay an annual unemployment automation adjustment equal to .015% of its total taxable wages for the twelve-month period ending the preceding June 30th. The Division of Employment Security is permitted to lower this rate under certain circumstances. This act has a delayed effective date of January 1, 2021. This act is substantially similar to SB 161 (2019), HB 375 (2019), and a provision in SCS/HB 332 (2019). SCOTT SVAGERA
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