A 1.5 percent surcharge takes effect on October 1, 2009 because of the low balance in the South Dakota Unemployment Insurance Trust Fund. In other words, your tax rate for the fourth quarter of 2009 is increased by 1.5 percent, affecting your tax payment due January 31, 2010. Your tax payment for the third quarter of 2009, due October 31, 2009, is not affected.
The surcharge is expected to continue at least through the second quarter of 2010.
Additionally, the South Dakota UI taxable wage base will increase from $9,500 to $10,000 effective January 1, 2010.
If there are any questions please contact us.
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