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Committee hears bill to give some employers temporary tax credit for pandemic-era unemployment spikes
Summary
A public hearing on House Bill 2,271 reviewed a proposal to create a limited nonrefundable tax credit for employers whose unemployment insurance tax rates were frozen higher after COVID-era claims. Supporters described the bill as targeted relief; advocates urged caution about scale and eligibility.
House Committee on Revenue Chair Nathanson opened a public hearing March 4 on House Bill 2,271, which would create a nonrefundable tax credit for employers to offset unemployment insurance payroll taxes in certain cases where employers’ experience ratings were held at pandemic-era levels.
The bill would pay, for tax year 2025, the lesser of $5,000 or an employer’s taxes due for 2025; for 2026 and 2027 the credit would be the lesser of that year’s taxes or the 2025 credit. The measure limits eligibility to employers whose 2025 tax rate is at least 2.5 percentage points lower than in 2024 (the committee noted a dash-1 amendment reduces the original 3-percentage-point threshold to 2.5), who had an experience-based tax rate determination for…
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