Maryland Governor Outlines Proposal To Lessen Rise in Unemployment Tax Rates

December 18, 2009 | Subscribe to our RSS Feed

On Dec. 17^th, Gov. Martin O’Malley outlined a plan to reduce the steep increases in 2010 unemployment tax rates.  O’Malley’s plan, which he intends to introduce as emergency legislation, would not eliminate the unemployment tax increases, but would reduce them somewhat.

Currently, the minimum annual tax paid by employers is $51 per employee and the maximum is $775.

Without action, the minimum will increase to $187 per employee and the maximum will reach $1,147.50.

If O’Malley’s plan is adopted, the minimum will rise to $153 per employee, with a maximum of $1,096.50.

The Maryland General Assembly’s 2010 session convenes Jan. 13 and ends April 12. If filed as emergency legislation, O’Malley’s bill would require a three-fifths majority in each chamber and would take effect immediately upon signing.

For more information on the MD Legislature’s plan, visit: http://baltimore.bizjournals.com/baltimore/stories/2009/12/21/story2.html?b=1261371600^2609481