Bill > HB2855

This bill modifies provisions related to workers' compensation by adjusting how taxes and surcharges are calculated and collected to fund the administration of the workers' compensation system and the Second Injury Fund. Specifically, it changes the rounding for tax rates from the nearest one-half of a percentage point to the nearest one-tenth of a percentage point for the administrative fund, and similarly for the surcharge to the Second Injury Fund, it changes the rounding from one-half to one-tenth of a percentage point. The bill also clarifies that "net premiums, net deposits or net assessments" are defined as gross amounts minus returned premiums, deposits, or assessments, and any dividends or savings actually paid or credited. For self-insured employers and political subdivisions that self-insure, the bill outlines methods for calculating their net premium equivalent, allowing political subdivisions to choose between an average rate classification or a filed rate method, with limitations on changing this choice. The bill also addresses potential shortfalls in the Second Injury Fund by allowing the director of the division of workers' compensation to advance funds from the workers' compensation fund, which must be reimbursed. It also introduces penalties for late payment or transfer of surcharges and includes a provision for a supplemental surcharge not to exceed one percent for calendar years 2014 to 2026, which will expire at the end of 2026.

https://house.mo.gov/Bill.aspx?bill=HB2855&year=2026&code=R