ID H0428

Reduces the desired fund size multiplier for unemployment insurance tax calculations from 1.3 to 1.2, effective January 1, 2024.

Clarifies that if the desired fund size multiplier is revised before January 1, the director shall issue adjusted taxable wage rates as soon as practicable, and employers receive credits for any overpayments from earlier tax payments.

Makes technical corrections to Idaho Code Section 72-1350 regarding language related to the "high-cost ratio" and "high-cost multiple" calculations.

Declares an emergency and applies the changes retroactively to January 1, 2024.