summary
Introduced
01/26/2024
01/26/2024
In Committee
02/23/2024
02/23/2024
Crossed Over
02/05/2024
02/05/2024
Passed
03/04/2024
03/04/2024
Dead
Signed/Enacted/Adopted
03/07/2024
03/07/2024
Introduced Session
2024 Regular Session
Bill Summary
RELATING TO EMPLOYMENT SECURITY LAW; AMENDING SECTION 72-1350, IDAHO CODE, TO REVISE A PROVISION REGARDING A DESIRED FUND SIZE MULTIPLIER AND TO MAKE TECHNICAL CORRECTIONS; AND DECLARING AN EMERGENCY AND PROVIDING RETROACTIVE APPLICATION.
AI Summary
This bill amends existing law to decrease the desired fund size multiplier (a factor used in calculating taxable wage rates for unemployment insurance) from 1.3 to 1.2, effective January 1, 2024. The bill also makes some technical corrections and declares an emergency, allowing the changes to take effect retroactively to January 1, 2024. The desired fund size multiplier is a key component in determining the taxable wage rates for employers covered under Idaho's employment security law.
Committee Categories
Business and Industry
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Commerce and Human Resources Committee (House)
Last Action
Reported Signed by Governor on March 6, 2024 Session Law Chapter 15 Effective: Retroactive to 01/01/2024 (on 03/07/2024)
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://legislature.idaho.gov/sessioninfo/2024/legislation/H0428/ |
| BillText | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2024/legislation/H0428.pdf |
| Fiscal Note/Analysis - Statement of Purpose / Fiscal Note | https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2024/legislation/H0428SOP.pdf |
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