HB 205 Unemployment Insurance Modernization Act of 2024

About HB-205

Repealing and establishing the methodology used to calculate the weekly benefit amount; altering the taxable wage base used to determine employer contributions to the Unemployment Insurance Trust Fund, the dependent allowance, and the amount of earned wages subtracted from a weekly benefit amount; requiring the Secretary of Labor to set the taxable wage base and the maximum weekly benefit amount in a certain manner beginning in calendar year 2027 and each calendar year thereafter; etc.