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MO HB2877

Bill

Status

Introduced

1/8/2026

Primary Sponsor

John Voss

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Creates the "Unemployment Administration Adjustment Fund" in the state treasury to defray costs of unemployment law administration, with funds not reverting to general revenue at the end of the biennium

  • Requires employers liable for unemployment contributions (except those with a zero contribution rate) to pay an annual adjustment equal to 0.05% of their total taxable wages for the preceding twelve-month period ending June 30th

  • Suspends the adjustment when the fund balance reaches $40 million or more on September 30th, or when the unemployment compensation trust fund's average quarterly balance falls below $450 million

  • Employers receive notification of amounts due by March 31st each year, with payments becoming delinquent 30 days thereafter

  • Offsets the adjustment by reducing each employer's first-quarter unemployment contributions by the dollar amount owed under the new adjustment (but not below zero)

Legislative Description

Establishes the "Unemployment Administration Adjustment Fund"

Last Action

Public Hearing Completed (H)

3/12/2026

Committee Referrals

Government Efficiency2/26/2026

Full Bill Text

No bill text available