Bill > HB267

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 and remitted to the Department of Revenue, with the legislature able to appropriate these funds for employment assistance and training. Employers will receive a credit against this new contribution for amounts they already pay towards unemployment compensation under AS 23.20.290(c), and if this credit equals or exceeds the new contribution, the employer's liability for the new contribution will be zero. Additionally, the bill modifies existing rules for employer contribution rates, specifically stating that the rate may not exceed six and one-half percent, may not be less than zero percent, and has specific minimums for employers with less than four quarters of experience and those in rate class 21, with these changes taking effect on January 1, 2027.

Business and Industry

Rules (House)

https://www.akleg.gov/basis/Bill/Detail/34?Root=HB267