Bill
Bill > A2800
NJ A2800
NJ A2800Reduces employer unemployment taxes by adjusting the unemployment compensation fund experience rate column for FY2024.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
Current law requires that unemployment contribution rates for employers, for fiscal year 2024, will be the rates set by column "E" of the experience rating table. The bill modifies this provision of law to specify that notwithstanding any other provision of law concerning the actual fund reserve ratio, the contribution rate for employers liable to pay contributions for fiscal year 2024, would be the rates set by column "D" of the table.
AI Summary
This bill modifies the provisions of current law to specify that notwithstanding the actual fund reserve ratio, the unemployment contribution rate for employers liable to pay contributions for fiscal year 2024 will be the rates set by column "D" of the experience rating table, rather than the higher rates set by column "E" as would otherwise apply. This change will reduce the unemployment taxes that employers are required to pay for the 2024 fiscal year.
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
Introduced, Referred to Assembly Labor Committee (on 01/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A2800 |
| BillText | https://pub.njleg.gov/Bills/2024/A3000/2800_I1.HTM |
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