More than half of the nation issues their 2013 rate notices by December 31, 2012. If you received you rate determination directly from the state, please be sure to forward it to the tax analyst handling your account. For your budgeting purposes, we have included the most recent 2013 taxable wage base limit.

FUTA Credit Reduction States for 2012

Listed below are the FUTA tax credit reduction states for 2012. The additional contributions for the states listed will be due with the final filing of the Federal Form 940. For 2013, employers should add an additional 0.3% to each state listed below when accruing for FUTA taxes. It is too early to determine if states will stay on this list or if new ones will be added for 2013. Corporate Cost Control will release estimates for 2013 at a later date.

* Issued bonds to finance UI trust debt. Colorado & Idaho also issued bonds.
CO came off the list with July update. KS & MN paid their current debt.
IL and PA came off the list with the August update.
According to the DOL, SC was granted an extension.

Changes for UI Reporting

As mentioned in earlier Newsletters, Illinois will require employers to report unemployment wages monthly as well as quarterly. On the third month of every quarter, only the consolidated quarter will be due. Employers will file an additional eight reports with the Illinois Department of Security. This ruling only pertains to the electronic filers and will not effect employers who are filing the paper documents.

Employers who have 25 or more employees in Michigan will be required to file online for 2013. For the year 2014, the requirement will be set at 5 or more employees. By 2015, all Michigan employers will file electronically.

New Hampshire just announced that all employers will see a reduction of 0.5% in their rate for the calculation of contributions due for the fourth quarter of 2012. An additional reduction is expected to go into effect for the first quarter of 2013. Revised rate notices will not be issued. These reductions show on the quarterly contribution returns. Please be sure to adjust your rate appropriately.

New York employers will need to sign in on a different webpage and will no longer be able to use their FEIN to login. Employers will need to use their NY.GOV ID user name and password. The New York Department of Labor website directs employers through each step. The administrator of the account will need to sign on and provide secure information regarding past filings and then accept the terms and conditions.


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