Starting January 1, 2024, South Dakota will lower the threshold that triggers higher unemployment insurance contribution rates for employers. Currently, employers pay higher rates (Schedule B) when the state's unemployment fund reaches a ratio of 1.60 or above, but this bill changes that threshold to 1.50, meaning employers will pay the higher rate sooner when the fund is smaller. This change makes employers contribute more to the unemployment insurance fund during economically uncertain times.
Signed by the Governor H.J. 218
Delivered to the Governor H.J. 168
Signed by the President S.J. 128
Signed by the Speaker H.J. 165
Senate Do Pass Amended Passed, YEAS 30, NAYS 3. S.J. 116
Commerce and Energy Do Pass Passed, YEAS 8, NAYS 1. S.J. 2
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 68
House of Representatives Do Pass Amended Passed, YEAS 70, NAYS 0. H.J. 54
Commerce and Energy Do Pass Amended Passed, YEAS 13, NAYS 0.
Commerce and Energy Motion to amend
Commerce and Energy Scheduled for hearing H.J. 1
House of Representatives Referred to House Commerce and Energy H.J. 24
First Reading House H.J. 14
Do Pass Amended
Commerce and Energy — Do Pass
Do Pass Amended
Commerce and Energy — Do Pass Amended