A bill for an act relating to unemployment insurance taxes on employers.

This Iowa bill (HSB 114) modifies unemployment insurance tax calculations for employers. It reduces the percentage used to calculate taxable wages from 66.66% to 33.33% of the statewide average weekly wage, simplifies reciprocal wage rules with other states, and adjusts contribution rate tiers based on employer benefit ratios. Employers will pay lower taxes under the revised rate tables, with savings required to be used for employee salaries, benefits, or seasonal unemployment alternatives. The changes directly affect all Iowa employers contributing to the state's unemployment fund.