SF 619

1st Engrossment - 88th Legislature (2013 - 2014) Posted on 03/15/2013 09:19am

A bill for an act
relating to unemployment insurance; reducing employer tax rates.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin UNEMPLOYMENT INSURANCE EMPLOYER TAX RATE
REDUCTION.
new text end

new text begin Notwithstanding Minnesota Statutes, section 268.051, subdivision 2, if on
September 30, 2013, the balance in the Minnesota unemployment trust fund is more than
$800,000,000, the base tax rate for the calendar year beginning January 1, 2014, will be
0.1 percent and there will be no additional assessment assigned under Minnesota Statutes,
section 268.051, subdivision 2, paragraph (c). If on September 30, 2014, the balance in
the Minnesota unemployment trust fund is more than $900,000,000, the base tax rate for
the calendar year beginning January 1, 2015, will be 0.1 percent and there will be no
additional assessment assigned under Minnesota Statutes, section 268.051, subdivision 2,
paragraph (c).
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end