Interest rates remain the same for the second quarter of 2012

The Internal Revenue Service has announced that interest rates will remain the same for the calendar quarter beginning April 1, 2012. The interest rates are as follows: three percent for overpayments (two percent in the case of a corporation); three percent for underpayments; five percent for large corporate underpayments; and one-half percent for the portion […]

CBO studies impact of increasing eligibility age for Social Security and Medicare

The Congressional Budget Office (CBO) recently released an issue brief that analyzes the impact of raising the ages of eligibility for the receipt of benefits under Social Security and Medicare. Of course, what is driving this issue is the looming insolvency of the Social Security Trust Funds. As has been reported here previously, the latest […]

New York announces its 2012 contribution rates

For 2012, the size of fund index column in effect remains the column labeled “Less than 0%”. The range of the normal portion of the rates is 0.9% to 8.9%. The range of rates with the normal, subsidiary and the reemployment tax is 1.5% to 9.9%. New employers pay a rate of 4.1%, including the […]

Florida sets its 2012 federal interest assessment

Florida’s federal interest assessment is 0.092% for 2012. It is calculated by dividing the estimated amount of interest to be paid by 95% of the taxable wages for the preceding fiscal year (July 1, 2010, through June 30, 2011). Payment is due June 30, 2012 (Department of Revenue, Unemployment Tax Interest Assessment Fact Sheet, 1/24/2012).

ETA issues UIPL about new methodology used to calculate “on” and “off” triggers for EB purposes

The Employment and Training Administration of the U.S. Department of Labor (DOL) has issued an Unemployment Insurance Program Letter (UIPL) to inform the states of the new methodology used to calculate the “on” or “off” total unemployment rate (TUR) indicators to determine when extended benefit (EB) periods begin and end in a state. The DOL […]

U.S. Sup. Ct. upholds Arizona immigration law

The Legal Arizona Workers Act, which provides for the revocation or suspension of the business license of employers in the state that knowingly or intentionally employ unauthorized aliens, was not expressly or impliedly preempted by federal immigration law, the U.S. Supreme Court has ruled. (Chamber of Commerce v Whiting, May 26, 2011, Roberts, J). Additionally, […]

DOL submits information collection request for Unemployment Insurance Data Validation Program to OMB

The Department of Labor is submitting an Employment and Training Administration (ETA)-sponsored information collection request entitled “Unemployment Insurance Data Validation Program” to the Office of Management and Budget for review and approval for continued use in accordance with the Paperwork Reduction Act of 1995. Comments must be submitted on or before June 20, 2011. The […]

Conn. issues withholding information; corrects error in Table D

Connecticut has released more information on the new withholding tables (see CCH Payroll Management Guide Report Letter 2200, dated May 24, 2011). The information is reproduced in this Report Letter on pages 11—15. In addition, Connecticut has corrected the Withholding Calculation Rules Tables. The error is for one of the thresholds in Table D, Withholding […]

Oklahoma amends its UI rules on various topics

Oklahoma has amended its rules under the Oklahoma Employment Security Act as follows: Aggregated data. The rules now define the term “Aggregated Data” to mean statistical data that has been stripped of any information that would identify any particular individual or employer, so that data concerning any specific individual, employer, or claimant cannot be discerned […]

Arizona amends its UI law regarding voluntary leaving

Arizona has amended its Employment Security Act as follows: Voluntary leaving. A claimant’s spouse or an unemancipated minor will not be disqualified from receiving benefits if he or she left work to accompany the other spouse or a parent who is a member of the armed services and who is transferred to another locality as […]