Bill
SSB 1173
Overview: SSB 1173 is a bill that relates to unemployment insurance taxes paid by employers in Iowa.Purpose and Intent: The bill aims to modify the unemployment insurance tax syste
Overview: SSB 1173 is a bill that relates to unemployment insurance taxes paid by employers in Iowa.
Purpose and Intent: The bill aims to modify the unemployment insurance tax system to provide relief for employers, particularly those who have experienced significant increases in their unemployment insurance tax rates.
Key Provisions:
- Limits the maximum unemployment insurance tax rate that can be imposed on employers
- Establishes a mechanism for the Iowa Workforce Development Department to provide tax credits or refunds to employers who have experienced large increases in their unemployment insurance tax rates
Affected Parties and Impacts:
- Employers in Iowa, who would benefit from the tax rate limitations and potential credits or refunds
- Employees, who may see a more stable employment environment as a result of the tax relief for employers
Procedural and Timeline Considerations:
The bill has been approved by the committee and renumbered as SF 504. It will now move to the full Senate for consideration and potential passage.
Compiled from official sources — confirm details with the bill’s official record.
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