HF 1509

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to workforce development; providing for the 
  1.3             calculation of the workforce development assessment; 
  1.4             amending Minnesota Statutes 2002, section 268.022, 
  1.5             subdivision 1. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 2002, section 268.022, 
  1.8   subdivision 1, is amended to read: 
  1.9      Subdivision 1.  [DETERMINATION AND COLLECTION OF SPECIAL 
  1.10  ASSESSMENT.] (a) In addition to all other taxes, assessments, 
  1.11  and payment obligations under chapter 268, each employer, except 
  1.12  an employer making payments in lieu of taxes is liable for a 
  1.13  special assessment levied at the rate of one-tenth of one 
  1.14  percent per year until June 30, 2000, and seven-hundredths of 
  1.15  one percent per year on and after July 1, 2000, on all taxable 
  1.16  wages, as defined in section 268.035, subdivision 24.  The 
  1.17  assessment shall become due and be paid by each employer to the 
  1.18  department on the same schedule and in the same manner as other 
  1.19  taxes.  The assessment shall be at the rate specified in 
  1.20  paragraph (b). 
  1.21     (b) On or before October 1 of each year, the commissioner 
  1.22  shall determine the special assessment rate for the following 
  1.23  calendar year, which shall be either 5/100 of one percent, 7/100 
  1.24  of one percent, or one-tenth of one percent of taxable wages.  
  1.25  In determining the rate, the commissioner shall consider the 
  2.1   balance in the workforce development fund, available state and 
  2.2   local unemployment statistics, and any appropriate information 
  2.3   regarding the state's overall economic outlook.  
  2.4      The special assessment levied under this section shall not 
  2.5   affect the computation of any other taxes, assessments, or 
  2.6   payment obligations due under this chapter.