NE LB297

Amends Nebraska's Employment Security Law to modify how the commissioner may adjust the yield factor for unemployment insurance tax rates, lowering the threshold from 1.00 percent to 0.70 percent state reserve ratio

Removes a temporary 5% reduction in the average combined tax rate that was scheduled to apply from January 1, 2025 through December 31, 2029

Sets tax year 2025 category twelve rate at a fixed 0.48, as a one-time exception to the standard calculation method

Clarifies that "total wages for contributory employers" means remuneration paid by contributory employers specifically, rather than all employers

Declared an emergency measure, taking effect immediately upon approval by the Governor on March 25, 2025