Iowa HSB315 modifies unemployment insurance tax rates for employers by changing the calculation of the current reserve fund ratio and benefit ratio.

Iowa HSB315 amends the calculation of the current reserve fund ratio for unemployment insurance, shifting from a five-quarter average to a full calendar year. It also reduces the number of benefit ratio ranks from 21 to 9, affecting how employers are grouped for contribution rate purposes. The bill changes the contribution rate table, reducing the number of possible tables from eight to four. It modifies the definition of "taxable wages" by excluding wages paid to employees from other states that extend reciprocity.

Iowa HSB315 modifies unemployment insurance tax rates for employers by changing the calculation of the current reserve fund ratio and benefit ratio.

Iowa HSB315 amends the calculation of the current reserve fund ratio for unemployment insurance, shifting from a five-quarter average to a full calendar year. It also reduces the number of benefit ratio ranks from 21 to 9, affecting how employers are grouped for contribution rate purposes. The bill changes the contribution rate table, reducing the number of possible tables from eight to four. It modifies the definition of "taxable wages" by excluding wages paid to employees from other states that extend reciprocity.