Bill > HB321

This bill revises the Unemployment Compensation Law to increase the taxable wage base and introduce a new employee contribution requirement when an employer has a negative account balance. Specifically, the bill creates a new provision that requires employees to pay a contribution of 0.14% of their gross wages when their employer's unemployment insurance account shows a negative balance. The employer is responsible for deducting this amount from employees' paychecks and holding it in trust before remitting it to the state. These employee contributions will be deposited into the unemployment compensation fund's mutualized account. The bill also makes corresponding changes to several other sections of Ohio law to reflect this new employee contribution requirement, including updating provisions related to tax refunds, debt collection, and employer reporting. The changes aim to help stabilize the unemployment compensation fund by spreading the financial burden between employers and employees during periods of high unemployment claims.

Budget and Finance

https://www.legislature.ohio.gov/legislation/136/hb321