A South Dakota panel has decided to propose legislation that would lower employers' taxes for unemployment insurance beginning in January of 2015.
The Unemployment Insurance Advisory Council's recommendation will go Gov. Dennis Daugaard and the 2014 Legislature.
The proposal would set the taxable wage base at $14,000, changing an existing law that would increase that wage base to $15,000 in 2015. Businesses pay unemployment taxes on workers' actual earnings up to the $14,000 wage base.
The plan also would reduce the threshold for employers to achieve a lower tax rate.
State Labor and Regulation Secretary Pam Roberts says all employers could potentially see a lower tax rate.
Most Popular Today
- 1.Retail & Restaurants
Local Applebee's Restaurants Won't Have Tablets Yet
GreatLife Malaska Golf & Fitness Announcement
New Apartments At Willow Run
Sioux Falls Experiencing Financial Prosperity
Pierre Travelers Face Cancellations, Delays
- 6.College, General
NCAA Championships Mean Big Business For Sioux Falls
- 7.Your Money Matters, Affordable Care Act
HealthCare.gov Gets Up To Speed
Minnesota2020: Increase Minimum Wage To $9.50
New iPhone App To Improve Golf Swing
Local Businesses Recognized For Employing Individuals With Disabilities