as introduced - 92nd Legislature (2021 - 2022) Posted on 01/28/2021 05:41pm
A bill for an act
relating to unemployment insurance; adopting a temporary change to experience
rating period.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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For calendar year 2021, the experience rate computed for each taxpaying employer under
Minnesota Statutes, section 268.051, subdivision 3, that was required to file wage detail
reports for the 12-month period ending June 30, 2019, is the ratio obtained by dividing 125
percent of the total unemployment benefits required under Minnesota Statutes, section
268.047, to be used in computing the employer's tax rate during the 48 calendar months
ending on June 30, 2019, by the employer's total taxable payroll for that same period. Any
taxpaying employer that does not qualify for a calendar year 2021 experience rate under
Minnesota Statutes, section 268.051, subdivision 3, must be assigned a tax rate in accordance
with Minnesota Statutes, section 268.051, subdivision 5, except that the average experience
rating for the employer's industry must use the period specified in this section.
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This section is effective the day following final enactment.
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Notwithstanding Minnesota Statutes, section 268.035, subdivision 24, for calendar year
2021, "taxable wages" means those wages paid to an employee in covered employment for
up to an amount equal to $35,000.
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This section is effective the day following final enactment.
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