Proposals to Ease the Unemployment Tax Burden
October 23, 2009 | 
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The state Department of Labor, Licensing and Regulation is working on two changes that would cushion the blow for businesses as their unemployment insurance taxes skyrocket: payment plans and a reduction in late payment fees.
Next year, unemployment taxes are expected to at least triple for nonprofits and companies. At maximum, employers who have experienced multiple layoffs will pay $1,147.50 per worker, up from $765.
One option the state is exploring is a payment plan. This would allow employers three months to cover their unemployment tax bills without penalty. Typically, taxes are due in April, but under this plan, that deadline would be June.
The second option involves reducing the 1.5 percent per month late fee to 1 percent.
More information available here.
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1 Comment to Proposals to Ease the Unemployment Tax Burden
ny unemployment online
May 1, 2010 at 4:15 pm
In March, the House passed a $9 billion bill to prevent benefit loss. The Senate rushed to pass the House version before the congressional recess started on March 26, but faced opposition from Sen. Tom Coburn (R-Okla.), who demanded that Democrats find a way to pay for the extension. Senate majority and minority leaders Harry Reid (D-Nev.) and Mitch McConnell (R-Ky.) started negotiations on the issue, but failed to reach a compromise before recess.