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As a result of the amount of unemployment benefits having been paid out over the last couple of years there have been legislative changes made. The department invoked RSA282-A: 84 - Emergency Power for the last 3 quarters of 2009, which added a 0.5% surcharge onto all employers tax rates (see below). For all quarters of 2010 a full 1.0% surcharge will be added to all employers tax rates. Negative rated employers (employers whose benefit charges exceeded tax paid ) will have a 1.5% added to their tax rates in addition to the 1.0% surcharge for all quarters of 2010.
New Employer rates for all quarters of 2010 will be 3.7% (includes 1.0% surcharge).
Legislative changes have also been made to increase the taxable wage base. Below are the increases that will be taking place.
Taxable Wage Base increasing from $8,000 to $10,000 effective 1/1/2010
Taxable Wage Base increasing from $10,000 to $12,000 effective 1/1/2011
Taxable Wage Base increasing from $12,000 to $14,000 effective 1/1/2012
More information of these legislative changes can be found at Upcoming Unemployment Tax Changes
Law reference: RSA 282-A:8
| Quarterly Fund Balance Reductions and Surcharges |
Year/Quarter |
Fund
Balance Reduction |
Emergency Power Surcharge
|
2010-4 |
0% |
1.0% |
2010-3 |
0% |
1.0% |
2010-2 |
0% |
1.0% |
2010-1 |
0% |
1.0% |
2009-4 |
0% |
0.5% |
2009-3 |
0% |
0.5% |
2009-2 |
0% |
0.5% |
2009-1 |
0% |
|
2008-4 |
1.0% |
|
2008-3 |
1.0% |
|
2008-2 |
1.0% |
|
2008-1 |
1.0% |
|
2007-4 |
1.0% |
|
2007-3 |
1.0% |
|
2007-2 |
1.0% |
|
2007-1 |
1.0% |
|
2006-4 |
1.0% |
|
2006-3 |
.5% |
|
2006-2 |
.5% |
|
2006-1 |
1.0% |
|
2005-4 |
1.0% |
|
2005-3 |
.5% |
|
2005-2 |
.5% |
|
2005-1 |
.5% |
|
2004-4 |
.5% |
|
2004-3 |
0% |
|
2004-2 |
0% |
|
2004-1 |
.5% |
|
2003-4 |
.5% |
|
2003-3 |
1.0% |
|
2003-2 |
1.0% |
|
2003-1 |
1.5% |
|
2002-4 |
1.5% |
|
2002-3 |
1.5% |
|
2002-2 |
1.5% |
|
2002-1 |
1.5% |
|
|
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