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SCS/SB 521 - Under current law, for calendar year 2023, the Director of the Division of Workers' Compensation is required to collect a supplemental surcharge not to exceed 2.5% of the policyholder's or self-insured's workers' compensation net deposits, net premiums, or net assessments for the previous policy year, rounded up to the nearest one-half of a percentage point. This provision expires December 31, 2023. This act extends that expiration date to December 31, 2026 and lowers the surcharge to 1% for that duration, rather than revert to 3%. This act is identical to provisions in the truly agreed to and finally passed HCS/SS/SB 24 (2023), SCS/HB 585 (2023), SS/SCS/HCS/HB 655 (2023), and HCS/HB 1017 (2023). SCOTT SVAGERA
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