Relating to administration of public funds; and prescribing an effective date.
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What it does
Official summary
Increases the percentage points of the employer tax rate that are used to determine the amount of wages paid into the Supplemental Employment Department Administration Fund each calendar quarter. Changes the formula for determining the amount of excess moneys in the Supplemental Employment Department Administration Fund that are transferred to the Unemployment Compensation Trust Fund each biennium. Takes effect on the 91st day following adjournment sine die.
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