Senate Bill 3051 Summary

• General experience rate for tax year 2021 is set to 0%, providing relief to employers during the COVID-19 pandemic.

• Charges to employers' individual experience rates from March 8, 2020 through June 30, 2020 will not count toward rate calculations for 2021 and the two subsequent tax years (2022-2023).

• Charges to employers' individual experience rates from July 1, 2020 through December 31, 2020 will not count toward rate calculations for 2022 and the two subsequent tax years (2023-2024).

• Contribution collections for the State Workforce Investment Fund, Mississippi Works Fund, and Mississippi Workforce Enhancement Training Fund will not be suspended for tax year 2021, and a 0.20% contribution rate will be added to employers' total unemployment insurance rate.

• The act is effective July 1, 2020.