DE HB236

Set average employer assessment rate, average industry assessment rate, and average construction industry assessment rate each at 1% for calendar year 2024, effective January 1, 2024.

Establish a special one-year rate schedule for 2024 with basic assessment rates ranging from 0.1% to 5.4% based on employer benefit wage ratios.

Redirect the 0.2% supplemental assessment collected from all employers to the Special Administration Fund instead of the UI Trust Fund, beginning January 1, 2024.

Expand uses of the Special Administration Fund to include unemployment compensation technology automation and improvement initiatives and associated administrative costs.

Estimated to reduce employer tax obligations by approximately $50 million compared to tax rates without temporary relief measures.