House Bill 1341 Summary

• Delays changes to unemployment insurance taxable wage base and employer contribution rates by one year, from January 1, 2010 to January 1, 2011.

• Maintains the taxable wage base at $7,000 per employee through 2010 before increasing to $9,500 for calendar years beginning after December 31, 2010.

• Extends the 5.6% employer contribution rate through 2010 before the rate increases to 12% for calendar years beginning after December 31, 2010.

• Modifies minimum contribution rates for employers with insufficient history, maintaining 5.6% minimum before January 1, 2011 and 12% minimum after December 31, 2010.

• Adjusts the fund ratio schedules and rate schedules for determining individual employer contribution rates to align with the delayed implementation dates.