This bill proposes updates to section 23-779 of the Arizona Revised Statutes concerning employment security. It maintains the current calculation for the weekly benefit amount, which is based on 1/25 of an individual's total wages for insured work during the highest quarter of their base period. However, it removes the previous cap of $240 for benefits applicable from June 30, 2004, to June 30, 2022, and increases the cap from $320 to $500 for benefits starting after June 30, 2022.

Additionally, the bill modifies the threshold for wage deductions from benefits. It eliminates the previous threshold of $30 for wages payable through June 30, 2022, and the $160 threshold applicable after that date, thereby streamlining the calculation of benefits without these specific limits. The rounding rule for benefits remains unchanged, ensuring that any benefit amount not a multiple of $1 is rounded to the nearest dollar.

Statutes affected:
Introduced Version: 23-779