Bill > LB297

This bill modifies the provisions of the Employment Security Law regarding how unemployment insurance tax rates are calculated for employers in Nebraska. The bill makes several key changes to the existing law, including refining how the state's reserve ratio is calculated by specifically referencing "contributory employers" and adjusting the threshold for potential yield factor adjustments from 1.00 percent to 0.70 percent. For the tax year 2025, the bill creates a special provision that sets the standard rate category (category twelve) at 0.48, which differs from the typical calculation method. The bill maintains the existing framework where employers are assigned to one of twenty tax rate categories based on their experience rating and reserve ratio, but introduces nuanced modifications to how those calculations are performed. Employers can still make voluntary contributions to potentially reduce their tax rate category, and those who are delinquent in filing reports by October 31 will continue to be assigned to the highest tax rate category (category twenty) for the following calendar year. The bill includes an emergency clause, meaning it will take effect immediately upon passage and approval.

Business and Industry

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59295