Unemployment Benefits Bill Helps Ensure Wisconsin Businesses Continue to Bounce Back |
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Written by GOV Press Wisconsin |
Friday, 09 July 2021 10:19 |
http://newiprogressive.com/images/stories/S5/construction-jobs-s5.jpgNew law keeps current unemployment tax rates on employers by transfer of $60 million each fiscal year from general fund. MADISON — Gov. Tony Evers signed Assembly Bill 406 , now 2021 Wisconsin Act 59, on Thursday which prevents the increase of unemployment insurance (UI) contribution rates, otherwise known as the UI tax rates, on employers by ensuring the state remains in Schedule D in tax years 2022 and 2023, while offsetting lost revenue by requiring $60 million GPR be transferred to the trust fund each of the next two fiscal years.
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