SB 876
Creates new provisions requiring employers to make an automation adjustment payments
LR Number:
Last Action:
3/8/2022 - Voted Do Pass S Small Business and Industry Committee
Journal Page:
Calendar Position:
Effective Date:
January 1, 2023

Current Bill Summary

SB 876 - This act provides that any employer required to make contributions under the unemployment compensation laws shall pay an annual unemployment automation adjustment equal to .02% 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, 2023.

This act is identical to a provision in the truly agreed to and finally passed CCS/SS/SCS/HCS/HB 2168 (2022), a provision in SS/SB 665 (2022), a provision in SS/SB 742 (2022), and substantially similar to a provision in HCS/SS/SCS/SB 783 (2022), a provision in HCS/SS/SCS/SB 968 (2022), HB 2290 (2022), SB 115 (2021), SCS/SB 691 (2020), a provision in SCS/HB 1559 (2020), HB 765 (2021), HB 2072 (2020), SB 161 (2019), HB 375 (2019), and a provision in SCS/HB 332 (2019).



No Amendments Found.