Employment, fund size multiplier
EMPLOYMENT SECURITY LAW – Amends existing law to adjust the desired fund size multiplier.

RS31014 / H0428

This legislation adjusts the desired fund size multiplier from 1.3 to 1.2 to temper the increase in unemployment insurance tax rates for calendar year 2024 (Idaho Code 72-1350(3)). Without adjusting the multiplier, a large tax increase would normally occur after three years of frozen tax rates. Reducing the desired fund size multiplier lowers future rates.

Bill Events
Date Description
01/26 Introduced, read first time, referred to JRA for Printing
01/29 Reported Printed and Referred to Commerce & Human Resources
02/01 Reported out of Committee with Do Pass Recommendation, Filed for Second Reading
02/02 Read second time; Filed for Third Reading
02/05 Read Third Time in Full – PASSED - 69-1-0
AYES – Alfieri, Allgood, Andrus, Barbieri, Blanksma, Boyle, Bundy, Burns, Cannon, Cheatum, Chew(Wilson), Clow, Cornilles, Crane(12), Crane(13), Dixon(1), Dixon(24), Durrant, Ehardt, Ehlers, Erickson, Furniss, Galaviz, Gallagher, Gannon, Garner, Green(Ruckh), Handy, Hawkins, Healey, Hill, Holtzclaw, Horman, Kingsley, Lambert, Lanting, Manwaring, Mathias, McCann, Mendive, Mickelsen, Miller, Mitchell, Monks, Nash(Stinson), Necochea, Nelsen, Palmer, Petzke, Pickett, Price, Raybould, Raymond, Redman, Roberts, Rubel, Sauter, Scott, Shepherd, Skaug, Tanner, Vander Woude, Weber, Wheeler, Wisniewski, Wroten, Yamamoto, Young, Mr. Speaker
NAYS – Berch(Bratnober)
Absent – None
Floor Sponsor - Bundy
Title apvd - to Senate
02/06 Received from the House passed; filed for first reading
02/06 Introduced, read first time; referred to: Commerce & Human Resources
02/23 Reported out of Committee with Do Pass Recommendation; Filed for second reading
02/26 Read second time; filed for Third Reading
02/27 Read third time in full – PASSED - 35-0-0
AYES – Adams, Anthon, Bernt, Bjerke, Burtenshaw, Cook, Den Hartog, Foreman, Forsmann(Carlson), Grow, Guthrie, Harris, Hart, Hartgen, Herndon, Just, Lakey, Lee, Lenney, Lent, Nichols, Okuniewicz, Rabe, Ricks, Ruchti, Schroeder, Semmelroth, Taylor, Toews, Trakel, VanOrden, Ward-Engelking, Winder, Wintrow, Zuiderveld
NAYS – None
Absent and excused – None
Floor Sponsor - Guthrie
Title apvd - to House
02/28 Returned from Senate Passed; to JRA for Enrolling
02/29 Reported Enrolled; Signed by Speaker; Transmitted to Senate
02/29 Received from the House enrolled/signed by Speaker
02/29 Signed by President; returned to House
03/01 Returned Signed by the President; Ordered Transmitted to Governor
03/04 Delivered to Governor at 11:25 a.m. on March 1, 2024
03/07 Reported Signed by Governor on March 6, 2024
Session Law Chapter 15
Effective: Retroactive to 01/01/2024