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MD SB752

Bill

Status

Introduced

1/31/2025

Primary Sponsor

Benjamin Kramer

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Replaces the fixed $8,500 taxable wage base with a percentage-based calculation, reaching 20% of the state average annual wage by calendar year 2028

  • Establishes weekly benefit amounts ranging from 15% to 50% of the state average weekly wage, with the 50% maximum taking effect in calendar year 2028

  • Increases the dependent allowance from $8 to $25 per child (up to 5 dependents) for children under 16 who are wholly or partly supported by the claimant

  • Requires the Maryland Department of Labor to determine and publish the state average annual wage online by January 31 each year

  • Takes effect July 1, 2025, with the Secretary of Labor required to annually adjust the dependent allowance and wage subtraction threshold for inflation

Legislative Description

Unemployment Insurance Modernization Act of 2025

Rules and Regulations

Last Action

Hearing 2/19 at 1:00 p.m.

2/3/2025

Committee Referrals

Finance1/31/2025

Full Bill Text

No bill text available