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CT HB05794

CT HB05794
An Act Concerning The Amount Of Wages An Employer Must Pay To Be Subject To The Provisions Of The Unemployment Compensation Act.


summary

Introduced
01/21/2025
In Committee
01/21/2025
Crossed Over
Passed
Dead
06/04/2025

Introduced Session

2025 General Assembly

Bill Summary

To lower operating costs for small businesses in the state by adjusting the amount of wages an employer must pay in order to be subject to the provisions of the Unemployment Compensation Act.

AI Summary

This bill proposes to modify the Unemployment Compensation Act by requiring an annual adjustment to the minimum amount of wages an employer must pay in a calendar quarter to be subject to the act's provisions. Specifically, the bill would tie the minimum wage threshold to the consumer price index (CPI), which is a measure of the average change in prices paid by urban consumers for goods and services. By linking the wage threshold to the CPI, the bill aims to help small businesses by potentially reducing their financial burden and providing a more dynamic, inflation-responsive standard for determining which employers must participate in the unemployment compensation system. The proposed change would allow the wage threshold to automatically increase or decrease each year based on changes in the consumer price index, which could help keep the regulation current with economic conditions and provide more predictability for small business owners.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Referred to Joint Committee on Labor and Public Employees (on 01/21/2025)

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