Bill > H0335

This bill amends the existing Employment Security Law to revise the calculation of the taxable wage rate by reducing the fund size multiplier and to provide for the issuance of adjusted taxable wage rates by the director under certain circumstances. Specifically, the bill reduces the desired fund size multiplier from 1.5 to 1.3 on and after January 1, 2018. It also allows the director to issue adjusted taxable wage rates if the desired fund size multiplier is revised prior to January 1 of the following year, and requires employers to receive a credit for any overpayments resulting from tax payments made before the amended taxable wage rates are adjusted.

Budget and Finance

Revenue and Taxation Committee (House)

https://legislature.idaho.gov/sessioninfo/2018/legislation/H0335/