1.1                          A bill for an act 
  1.2             relating to reemployment insurance; changing the 
  1.3             definition of taxable wages; amending Minnesota 
  1.4             Statutes 1999 Supplement, section 268.035, subdivision 
  1.5             24. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1999 Supplement, section 
  1.8   268.035, subdivision 24, is amended to read: 
  1.9      Subd. 24.  [TAXABLE WAGES.] (a) "Taxable wages" means those 
  1.10  wages paid to an employee in covered employment each calendar 
  1.11  year up to an amount equal to 60 percent of the state's average 
  1.12  annual wage, rounded to the nearest $1,000 $19,000. 
  1.13     (b) Taxable wages includes the amount of wages paid for 
  1.14  covered employment by the employer's predecessor when there has 
  1.15  been an experience rating record transfer under section 268.051, 
  1.16  subdivision 4.