2021 Final Vermont Legislative Update - May 2021 | Downs Rachlin Martin PLLC
Business The unemployment bill formerly known as S.10 – Business owners had their most challenging year in memory. Many hoped that the legislature, knowing this, would have sought to offset their challenges. Unfortunately leveling unemployment tax rates was considered by some to be too much help. One of the most contentious negotiations of the session centered on the formula that determines the Unemployment Insurance Trust Fund balance. Recent years' unemployment rates are entered into the calculation, and many experts felt that 2020 was an anomaly and should be removed from the formula giv...
Source: jdsupra.com