AK HB267

Establishes a new 0.4% employer contribution on wages to fund the state training and employment program, with collections remitted to the Department of Revenue for potential appropriation to the employment assistance and training program account

Allows employers to credit their existing unemployment compensation contributions against the new 0.4% assessment, reducing liability to zero if existing contributions meet or exceed the amount owed

Removes the 1% minimum contribution rate floor for employers, allowing rates to drop to 0% for experienced employers (those with four or more quarters of experience)

Reduces the experience factor for Rate Class 1 employers from 0.40 to 0.0, while maintaining the maximum contribution rate cap at 6.5%

Takes effect January 1, 2027