Senate Study Bill 1173 modifies unemployment insurance taxes for employers by changing contribution rates and benefit ratio ranks.

Senate Study Bill 1173 revises the unemployment insurance tax system for employers in Iowa. It reduces the number of contribution rate tables from eight to four and changes the way employers are grouped into benefit ratio ranks. The bill also modifies the definition of "taxable wages" to exclude wages paid to employees from other states that reciprocate with Iowa. Employers with savings from these changes must use the funds for employee salaries, benefits, or as an alternative to unemployment benefits during seasonal unemployment.

Senate Study Bill 1173 modifies unemployment insurance taxes for employers by changing contribution rates and benefit ratio ranks.

Senate Study Bill 1173 revises the unemployment insurance tax system for employers in Iowa. It reduces the number of contribution rate tables from eight to four and changes the way employers are grouped into benefit ratio ranks. The bill also modifies the definition of "taxable wages" to exclude wages paid to employees from other states that reciprocate with Iowa. Employers with savings from these changes must use the funds for employee salaries, benefits, or as an alternative to unemployment benefits during seasonal unemployment.