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MO HB2877
Bill
Status
1/8/2026
Primary Sponsor
John Voss
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AI Summary
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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
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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
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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
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Employers receive notification of amounts due by March 31st each year, with payments becoming delinquent 30 days thereafter
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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