HI SB2732

Modifies the wage cap used to calculate unemployment insurance taxes for 2010 and thereafter, changing from $13,000 to 70% of the average annual wage for 2010, and 80% of the average annual wage for 2011 and beyond.

Amends the "adequate reserve fund" definition to remove the 1.5x multiplier that was scheduled to apply from 2011 onward, reverting to the original calculation method.

Establishes special contribution rate schedules for calendar years 2010-2013 that cap employers at lower tax rates (Schedule E for 2010-2011, Schedule F for 2012-2013) regardless of the normal rate determination.

Implements these changes to reduce unemployment insurance tax burden on employers during the specified period.