The bill amends existing laws regarding unemployment compensation in Wyoming, specifically addressing the maximum contributions that employers may be charged for the unemployment compensation fund. It establishes that the base rate of contributions for employers is set at eight and one-half percent (8.5%) and introduces a new provision that no employer shall be required to contribute more than one dollar ($1.00) per employee in a calendar year when combining the base rate with any rate variations or adjustment factors. Additionally, the bill outlines that if an employer fails to pay contributions or submit required reports, they will be assigned a delinquent rate that includes a two percent (2%) tax rate increase, but this rate will not exceed the maximum assignable rate.

Furthermore, the bill specifies that the total contribution required from any employer in a calendar year, including new employers, shall not exceed the maximum amount per employee as defined in the law. The adjustments to contribution rates based on an employer's benefit ratio will also adhere to this maximum limit. The effective date for these changes is set for January 1, 2026.

Statutes affected:
Introduced: 27-3-503, 27-3-505