Gov. Northam announces tax freeze on unemployment insurance to protect businesses
Virginia businesses tax break By A.J. Nwoko | December 23, 2020 at 12:20 AM EST - Updated December 23 at 12:20 AM
RICHMOND, Va. (WWBT) - Tuesday, Governor Ralph Northam announced temporary changes to the Commonwealthâs Unemployment Insurance (UI) program that would support Virginia workers and businesses that have been affected by the COVID-19 pandemic.
Executive Order Seventy-Four requires the Virginia Employment Commission (VEC) to mitigate a potential rise in the UI experience rating tax for businesses by holding them harmless for lay-offs that occurred during the pandemic. The temporary change will protect Virginia businesses from having to pay an additional $200 million to replenish the Unemployment Insurance Trust Fund.
Governor Northam Takes Action to Protect Businesses from Increasing Cost of Unemployment Insurance
~
Actions will speed relief to Virginians, help weather pandemic during challenging winter months ~
RICHMOND Governor Ralph Northam today announced temporary changes to the Commonwealth’s Unemployment Insurance (UI) program that will support Virginia workers and businesses whose livelihoods have been affected by the ongoing COVID-19 crisis. Executive Order Seventy-Four requires the Virginia Employment Commission (VEC) to mitigate a potential rise in the UI experience rating tax for businesses by holding them harmless for lay-offs that occurred during the pandemic. The temporary change will protect Virginia businesses from having to pay an additional $200 million to replenish the Unemployment Insurance Trust Fund. The Governor is also directing the VEC to begin automatically distributing UI benefits to unemployed Virginians who have been held in the agency’s determination proce
Idaho unemployment insurance rates projected to drop
www.efile.com / CC BY-SA 2.0
BOISE, Idaho (KIFI/KIDK)-In spite of record unemployment claims, Idaho employers should see a roughly 18% decrease in unemployment insurance tax rates in 2021.
The employer rate remains at 1%, which is the lowest rate allowed by federal conforming regulations. You can view a complete list of the 2021 unemployment insurance tax arrays for business here.
The rate is largely due to the availability of federal funds.
“Thanks to Governor Little approving a $200 million transfer of CARES Act funding to keep the Unemployment Insurance Trust Fund whole, most Idaho businesses will see a decrease in their tax rate for 2021,” said Jani Revier, Idaho Department of Labor director. “This move by the governor allows Idaho to keep UI tax rates low in the coming year and will help business owners as they navigate through these difficult times.’ Idaho has paid out about $1 billion in unemployment insuran
From USA TODAY Network and wire reports
Alabama
Montgomery: Almost $2 million in grant money from coronavirus relief funds is assisting veterans who are being treated for post-traumatic stress disorder and directly affected by COVID-19. The money announced by Gov. Kay Ivey’s office will help fund four weeks of virtual group therapy for people in 11 counties. Veterans will have virtual, hourlong meetings three times a week to help them deal with PTSD and stresses from the pandemic. Sixty veterans already are enrolled in the program, which is run by Priority Soldier, a nonprofit group that assists veterans diagnosed with PTSD. Services are available in counties including Calhoun, Coffee, Dallas, Lauderdale, Lowndes, Macon, Madison, Montgomery, Talladega, Tuscaloosa and Walker.
Nevada s jobless rate improves to 10 1% in November nnbw.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nnbw.com Daily Mail and Mail on Sunday newspapers.