Bill > SB143

This bill modifies Oregon's unemployment insurance tax system by making several key changes. It adjusts how employers' unemployment insurance tax rates are calculated by altering the percentage points used to determine wages paid into the Supplemental Employment Department Administration Fund each calendar quarter, specifically changing the rate from 109 to 135 one-thousandths of a percentage point. The bill also modifies the formula for calculating excess funds in the Supplemental Employment Department Administration Fund that are transferred to the Unemployment Compensation Trust Fund, replacing the previous method of using 150 percent of the first quarter's collection amount with a new calculation based on one-eighth of the department's budgeted moneys. Additionally, the bill requires the State Treasurer to study the administration of public funds and submit findings to the legislative interim committees by September 15, 2026, with the study expiring on January 2, 2027. The changes to the tax rates and fund transfers will apply to calendar quarters and biennia beginning on or after April 1, 2025, and the bill will take effect 91 days after the 2025 regular legislative session adjourns.

Budget and Finance

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB143