As with many other states, Vermont has passed legislation in order to generate more revenue in an attempt to replenish their depleted trust fund balance.
The Vermont Department of Labor has announced several reporting changes effective January 1, 2010. First, the UI taxable wage base has been increased from $8,000 to $10,000. This change will need [...]
Service Bulletins
Retroactive Increase in Taxable Wage Limitation in Vermont
March 25th, 2010
Update on Indiana UI Legislation
March 23rd, 2010
The Indiana Department of Workforce Development (“DWD”) continues to delay sending out 2010 unemployment tax rate notices because of legislation that is pending in the Indiana Legislature. This legislation would delay an increase in the Indiana UI taxable wage limitation from $7,000 to $9,500 until 2011. The legislation would also delay a change in UI [...]
Hawaii Reduces 2010 Unemployment Wage Base
March 15th, 2010
This is a follow-up to our Service Bulletin dated March 12, 2010.
Today the Hawaii Department of Labor & Industrial Relations notified us that the unemployment insurance taxable wage base for 2010 has been reduced to $34,900 by the legislation signed last week.
Please feel free to contact us if there are any questions.
Click here for a [...]
Hawaii Legislation Reduces UI Taxes for Two Years
March 12th, 2010
Governor Linda Lingle signed legislation on March 11, 2010 that lowers the increase in state unemployment taxes for 2010 and 2011. Nevertheless, the increase is still historic in proportion.
For 2009, Hawaii UI taxes averaged $90 per employee. The new law (H.B. 2169) reduces the average UI taxes for 2010 from $1,070 per employee to $630 [...]
Massachusetts Legislation Prevents Higher UI Taxes for 2010
March 10th, 2010
Legislation signed on February 4, 2010 (House Bill 4077) has prevented the highest possible tax rate table from triggering into effect for 2010. As a result of this bill, tax rate schedule E, which was in effect for 2009, remains in effect for 2010. Tax rates range from 1.26% to 12.27% under schedule E (not [...]
Florida Legislation Suspends Anticipated Tax Increases
March 4th, 2010
House Bill 7033 has been signed by Governor Crist, substantially reducing state unemployment tax payments for 2010 and 2011 for Florida employers. The downside is that this legislation will cause greater borrowing from the federal government to pay for unemployment benefits, and there will eventually be costs associated with this borrowing. Following are the most [...]
Hiring Incentives to Restore Employment (HIRE) Act
March 2nd, 2010
On February 24, 2010, the Senate passed the Hiring Incentives to Restore Employment (HIRE) Act (H.R. 2847) by a vote of 70-to-28. The Bill, which is significantly amended from the original version that passed the House in late 2009, now goes back to the lower chamber for reconsideration. Preliminary indications are that the House will [...]