HB 215: "An Act relating to unemployment insurance contribution rates; and providing for an effective date."
00 HOUSE BILL NO. 215 01 "An Act relating to unemployment insurance contribution rates; and providing for an 02 effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 23.20.290(c) is amended to read: 05 (c) The rate of contributions for each employer is a percentage of the average 06 benefit cost rate multiplied by the employer's experience factor set out in column C of 07 the table in this subsection opposite the employer's applicable rate class set out in 08 column A plus the fund solvency adjustment surcharge required under (f) of this 09 section. That percentage is 76 percent beginning January 1, 2009, and 73 percent 10 beginning January 1, 2010. However, the rate of contributions for an employer may 11 not be less than the corresponding minimum tax rate set out in column D for each 12 rate class [ONE PERCENT OR MORE THAN SIX AND ONE-HALF PERCENT. 13 THE RATE OF CONTRIBUTIONS FOR AN EMPLOYER IN RATE CLASS 21 14 MAY NOT BE LESS THAN 5.4 PERCENT]. The rate of contributions for an
01 employer must be rounded to the nearest 1/100th of one percent. 02 COLUMN D 03 COLUMN B COLUMN C Minimum 04 COLUMN A Cumulative Experience Rate Tax 05 Rate Class Ratable Payroll Factor (percent) 06 at least but less than 07 (percent) (percent) 08 1 5 .40 0.40 09 2 5 10 .45 0.45 10 3 10 15 .50 0.50 11 4 15 20 .55 0.55 12 5 20 25 .60 0.60 13 6 25 30 .65 0.65 14 7 30 35 .70 0.70 15 8 35 40 .80 0.80 16 9 40 45 .90 0.90 17 10 45 50 1.00 1.00 18 11 50 55 1.00 1.00 19 12 55 60 1.10 1.00 20 13 60 65 1.20 1.00 21 14 65 70 1.30 1.00 22 15 70 75 1.35 1.00 23 16 75 80 1.40 1.00 24 17 80 85 1.45 1.00 25 18 85 90 1.50 1.00 26 19 90 95 1.55 1.00 27 20 95 99.99 1.60 1.00 28 21 99.99 1.65 5.40. 29 * Sec. 2. This Act takes effect January 1, 2021.