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The Florida Legislature and Governor Charlie
Crist have passed and signed into law
unemployment tax relief for all Florida employers that were previously
issued 2010 tax rates. These actions take effect immediately.
In support of economic stability and job creation, the law will help
strengthen the efforts of Florida's business community as it faces the
economic challenges that have confronted our state.
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This new law:
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Adjusts tax rate
calculations through 2011.
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Reduces the taxable wage
base from $8,500 to $7,000.
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Provides for quarterly
installment payments.
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The tax relief will apply
to taxes due by April 30, 2010.
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Employers will receive
their new 2010 tax rate information (Form UCT-20) from
the Florida Department of Revenue in late March or early April.
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Employers who are ready
to expand operations and hire new workers are encouraged to use services
provided by Florida's workforce system through www.EmployFlorida.com
Rates
The new law, passed March 2, 2010 and
retroactive to January 1, 2010, adjusts the rates to the following (based
on annual salary up to $7,000 per employee):
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Minimum rate: 0.0036 or
$25.20* per employee
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Maximum rate: 0.0540 or
$378 per employee
*The Department of Revenue must
recalculate the 2010 unemployment tax rates. The minimum rate is an
approximate figure until the rates have been recalculated.
Resources
Read the full text of the bill passed on March 2, 2010.
Read more about unemployment tax.
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