summary
Introduced
01/10/2024
01/10/2024
In Committee
01/10/2024
01/10/2024
Crossed Over
Passed
Dead
04/08/2024
04/08/2024
Introduced Session
2024 Regular Session
Bill Summary
Repealing and establishing the methodology used to calculate the weekly benefit amount; altering the taxable wage base used to determine employer contributions to the Unemployment Insurance Trust Fund, the dependent allowance, and the amount of earned wages subtracted from a weekly benefit amount; requiring the Secretary of Labor to set the taxable wage base and the maximum weekly benefit amount in a certain manner beginning in calendar year 2027 and each calendar year thereafter; etc.
AI Summary
This bill, titled the Unemployment Insurance Modernization Act of 2024, makes several key changes to Maryland's unemployment insurance system. It establishes a new methodology for calculating the weekly benefit amount, setting the taxable wage base as a percentage of the average annual wage in the state, and increasing the maximum weekly benefit amount to two-thirds of the state's average weekly wage by 2027. The bill also raises the dependent allowance and adjusts the amount of earned wages subtracted from a weekly benefit amount. The changes are set to take effect in January 2025, with some provisions delayed until July 2026.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Withdrawn by Sponsor (on 03/14/2024)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0205?ys=2024RS |
| Vote Image | https://mgaleg.maryland.gov/2024RS/votes_comm/hb0205_ecm.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0205f.pdf |
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