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In March of 2015, the Senate passed a S.1269, which adds an additional item to be reported on the quarterly contribution return.   Section 913, employers will report the Standard Occupational Classification (SOC) of each employee.   The SOC was developed by the US Bureau of Labor Statistics and will provide the US Census Bureaus data to evaluate and improve the labor market for workers and industries.   The new reporting requirement will be in effect as of January 1, 2017.   The Congressional Budget Office has estimated the implementation to be around $274 Million for their offices, and the cost for employers may be close to $50 million.     The data will be added to the Quarterly Contribution Report in each state, whether completed manually or electronically. Employers will have to determine the appropriate SOC, record it, and report the data.  Requirements

The USDOL has begun to release instructions to implement S. 1269 (the Workforce Innovation and Opportunity Act by establishing first the state board which will consist of business owners or officers who may also be members of the local board.   The board must include a lead state official with primary responsibility for the core WIOA program and two or more elected officials from the local jurisdictions.   Detailed instructions on how the board will be formed can be found at http://wdr.doleta.gov/directives/attach/TEGL_27-14.pdf.

To begin the process for employers, a list of the SOC will need to be obtained. As of this date, the list is not available.   Personnel will need to go through the employee list to determine the appropriate SOC for each employee.   On a go-forward basis, the SOC can be a part of the new employee package with updates if the employee changes positions within the organization.   The IT group will need to be notified of the SOC so an additional field can be added and extracted each quarter in time for the submission of the quarterly contribution return.

Employers should begin planning on how to meet this new reporting requirement even though all the details have not been released.   Corporate Cost Control will keep you updated on new information as soon as it is released.   As always, please be sure to send copies of your quarterly contribution returns or Statement of Deposit (ADP) to your tax analyst. The information provided on these documents allows Corporate Cost Control to verify that proper credit was given and the lowest, correct tax rate has been assigned.

If you have any questions, please contact your CCC Tax Analyst.


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