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2014 Tax Rate Reduction for Employers

2013 Legislative Session Results in a 2014 Tax Rate Reduction for Employers.

In 2014:

  • Additional Assessment (14 percent of tax due) will be removed.
  • Base Tax Rate reduced from 0.5 percent to 0.1 percent
  • Tax rate reduction expected to decrease the amount of Unemployment Insurance taxes - tax paying employers pay by an estimated 290 million dollars.
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