Bill > SB217

This bill establishes a new employer contribution of 0.4 percent of wages to fund the state training and employment program, which will be collected by the department in the same manner as other unemployment compensation contributions and remitted to the Department of Revenue for potential appropriation to the employment assistance and training program account. Importantly, employers will receive a credit against this new contribution for amounts they already pay towards unemployment compensation under a different section of law, meaning if their existing contributions meet or exceed this new 0.4 percent requirement, they will owe nothing further for the training program. The bill also amends existing law regarding employer contribution rates to the unemployment compensation fund, clarifying that the application of credits will not reduce an employer's rate below zero percent, and setting specific minimum rates for employers with less than four quarters of experience and for those in rate class 21, while also ensuring rates are rounded to the nearest hundredth of a percent. This Act is set to take effect on January 1, 2027.

Business and Industry

Rules (Senate)

https://www.akleg.gov/basis/Bill/Detail/34?Root=SB217