DEW UI Tax Code
South Carolina's S 688 modifies unemployment insurance tax structure, passing Senate unanimously; specific policy impacts depend on amendment details not disclosed in action record.
South Carolina's S 688 modifies unemployment insurance tax structure, passing Senate unanimously; specific policy impacts depend on amendment details not disclosed in action record.
S 688, the "DEW UI Tax Code" bill introduced in South Carolina, modifies the state's unemployment insurance (UI) tax structure. The bill passed the South Carolina Senate unanimously with strong bipartisan support (45-0 on third reading) and has been sent to the House for consideration. Specific provisions are not detailed in the action record provided, but the acronym "DEW" likely references a particular tax or administrative mechanism within South Carolina's UI system.
Unemployment insurance tax rates directly affect employers' payroll costs and the solvency of state UI trust funds. Changes to this code can influence business competitiveness, worker benefits availability, and state revenue. The unanimous Senate passage suggests broad agreement on the bill's approach, though the actual policy implications depend on what specific modifications the amendments made.
Compiled from official sources — confirm details with the bill’s official record.
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