Rule detail : 203251

WY LEG Unemployment Contributions

WY LEG passed bill SF 0059 on federal unemployment compensation trust funds.
Entitled the Federal unemployment compensation trust fund-adjustment act.
Makes amendments to WY LEG 27-3-505(a) regarding distribution of contributions.
Bill Provisions
Adjusts distribution of contributions collected for noncharged unemployment benefits.
Distribution of contributions for ineffectively charged unemployment benefits adjusted.
20% (changed from 60%) shall be allocated to unemployment compensation fund.
60% (changed from 40%) shall be allocated to the employment support fund.
Finally, 20% shall now be allocated to the workforce development training fund.
Legislative History
On Jan. 24, 2024, bill introduced in Senate; on Feb. 15, 2024, bill passed in Senate.
On Feb. 15, 2024, bill introduced in the House; on Mar. 1, 2024, bill passed in House.
Effectiveness
Upon governor approval or veto override, SF 0059, SEA No. 11, effective Jan. 1, 2025.
Mar. 2024 WY LEG Governor Approval
On Mar. 7, 2024, WY LEG reported bill SF0059 was approved and assigned Chapter 44.

Regulators	WY LEG
Entity Types	Corp
Reference	Ch. 44, 3/7/2024; Bill SF0059, SEA No. 11, 3/1/2024: Citation: WY LEG 27;
Functions	Compliance; Financial; HR; Legal
Countries	United States of America
Category
State
Products	Corporate; Unemployment
Regions	Am
Rule Type	Final
Rule Date	3/1/2024
Effective Date	1/1/2025
Rule Id	203251
Linked to	N/A
Reg. Last Update	3/7/2024
Report Section	US Investment