MN SF2895

Modifies unemployment insurance tax accounting procedures for staffing agencies by requiring them to maintain assigned employer tax accounts separately and notify the commissioner within 30 calendar days of contract execution or termination.

Changes base tax rate structure based on trust fund balance levels, adding a fifth tier for negative balances requiring federal borrowing, and renumbers additional assessment provisions.

Eliminates the 25 percent surcharge for tax rate buydowns during calendar years 2011, 2012, and 2013, allowing employers to cancel unemployment benefits used in experience rating calculations.

Revises unemployment benefit account establishment requirements, reducing the secondary base period wage credit threshold from $250 to $1,000 in the high quarter and adds provisions for amended determinations within 24 months.

Creates a Special State Extended Unemployment Insurance Program for applicants ineligible for federal extended benefits solely due to insufficient wage credits, payable from the state trust fund and expiring March 26, 2011.