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SB90: adjusting the minimum employer's contribution rate for unemployment insurance.
Bill details
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Sponsors
- Dan Feltes Senate · Dist 15
- Donna Soucy Senate · Dist 18
- Lasky Senate · Dist 13
Topics
Commerce Business and labor Insurance
Official links
SB 90-FN - AS INTRODUCED
2017 SESSION
17-0967
08/10
SENATE BILL 90-FN
AN ACT adjusting the minimum employer's contribution rate for unemployment insurance.
ANALYSIS
This bill raises the minimum contribution rate to the unemployment compensation fund.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
17-0967
08/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seventeen
AN ACT adjusting the minimum employer's contribution rate for unemployment insurance.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Minimum Rate. Amend RSA 282-A:82, IV to read as follows:
IV. The minimum contribution rate under this section shall not be less than [.10] .20 percent.
2 Effective Date. This act shall take effect January 1, 2018.
LBAO 17-0967
Revised 1/31/17
SB 90-FN- FISCAL NOTE
AS INTRODUCED
AN ACT adjusting the minimum employer's contribution rate for unemployment insurance.
FISCAL IMPACT: [ X ] State [ ] County [ ] Local [ ] None
Estimated Increase / (Decrease)
STATE:
FY 2018
FY 2019
FY 2020
FY 2021
Appropriation
$0
$0
$0
$0
Revenue
Indeterminable Increase
Indeterminable Increase
Indeterminable Increase
Indeterminable Increase
Expenditures
$0
$0
$0
$0
Funding Source:
[ ] General [ ] Education [ ] Highway [ X ] Other - Contingent Fund pursuant to RSA 282-A:140
METHODOLOGY:
This bill increases the minimum employer's contribution rate under RSA 282-A:82, IV, from not less than .10 percent to not less than .20 percent. Employer rates are never reduced to zero and this figure represents the minimum employer tax rate that must be paid by an employer. The New Hampshire Employment Security estimates this change would increase state restricted revenue to the Contingent Fund established under RSA 282-A:140 by approximately $2,579,339 annually. This estimate is based on the number of registered employers in the State paying the statutory minimum rate as of the fourth quarter of 2016. This bill does not impact the Unemployment Compensation Trust Fund or counties and local governments.
AGENCIES CONTACTED:
New Hampshire Employment Security