Adopts the Manufacturing Modernization and Workforce Development Pilot Investment Act, changes unemployment insurance tax rates, and eliminates the.
Nebraska LB265 adopts the Manufacturing Modernization and Workforce Development Pilot Investment Act, changes provisions relating to the state unemployment insurance tax rate, and eliminates the Nebraska Worker Training Board. The bill creates the Workforce Development Program Cash Fund, which will receive all state unemployment insurance tax collected. The state unemployment insurance tax rate will be zero percent if the average balance in the State Unemployment Insurance Trust Fund at the end of any three months in the preceding calendar year is greater than annual payroll for either of the.
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