Maryland SB3 modernizes unemployment insurance by adjusting the taxable wage base and weekly benefit amounts.

Maryland SB3, the Unemployment Insurance Modernization Act of 2026, revises the state's unemployment insurance laws. It sets the taxable wage base at 16% of the average annual wage for employees in Maryland. The bill also mandates that the Secretary of Labor annually determine and publish the state's average annual wage. Beginning in 2027, the maximum weekly benefit amount will be 40% of the state average weekly wage. The bill includes provisions for calculating weekly benefit amounts, setting the taxable wage base, and determining the maximum weekly benefit amount.

Maryland SB3 modernizes unemployment insurance by adjusting the taxable wage base and weekly benefit amounts.

Maryland SB3, the Unemployment Insurance Modernization Act of 2026, revises the state's unemployment insurance laws. It sets the taxable wage base at 16% of the average annual wage for employees in Maryland. The bill also mandates that the Secretary of Labor annually determine and publish the state's average annual wage. Beginning in 2027, the maximum weekly benefit amount will be 40% of the state average weekly wage. The bill includes provisions for calculating weekly benefit amounts, setting the taxable wage base, and determining the maximum weekly benefit amount.