2022 Session

Budget Amendments - HB30 (Committee Approved)

View Budget Item
View Budget Item amendments

Eliminate the UI Fund Builder Tax (language only)

Item 370 #1h

Item 370 #1h

Virginia Employment Commission


Page 401, after line 13, insert:

"I. Notwithstanding § 60.2-533, Code of Virginia, the fund building rate shall be set for Calendar Year 2023 at a rate not to exceed the rate in effect for Calendar Year 2020.


(This amendment instructs the Virginia Employment Commission to exclude the Unemployment Insurance (UI) fund builder tax from an employer's 2023 UI tax rate.)