MS HB1785

General experience rate for calendar year 2021 is set to zero percent (0%), reducing employer unemployment insurance contributions.

Unemployment insurance charges to employers' individual experience rates from March 8, 2020, through June 30, 2021, are excluded from rate calculations for 2021 through 2023 and subsequent years.

Contribution collections for State Workforce Investment, Mississippi Works, and Mississippi Workforce Enhancement Training Funds shall not be suspended for tax rate year 2021, with the 0.20% combined rate added to employers' total unemployment insurance rate.

Newly subject employers receive a reduced contribution rate of 1% for the first year of liability (down from 5.4%).

Provisions apply to provide relief to Mississippi employers during the COVID-19 pandemic economic emergency.