Bill > HB4038

This bill provides a credit against an employer's 2025 unemployment insurance taxes if the employer's tax rate for 2025 is less than the employer's tax rate for 2022, 2023, and 2024. The credit amount depends on the percentage decrease in the employer's tax rate, ranging from 25% to 100% of the 2025 taxes. To be eligible, the employer must file all required wage reports and pay all tax liabilities in a timely manner, and have paid all outstanding unemployment insurance taxes or be on an accepted payment plan as of January 1, 2025. The bill takes effect 91 days after the 2024 legislative session adjourns and is repealed on January 2, 2028.