SB 161 - 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, 2020.
This act is substantially similar to HB 375 (2019) and a provision in SCS/HB 332 (2019).
SCOTT SVAGERA