2022 Special Session I

Budget Amendments - HB29 (Conference Report)

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View Budget Item amendments

Eliminate Unemployment Insurance Fund Builder Tax for Employers (language only)

Item 479.20 #5c

Item 479.20 #5c

Central Appropriations
Central Appropriations


Page 257, after line 39, insert:

"4) 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 eliminates the fund builder Unemployment Insurance (UI) tax for all employers in tax year 2023. An additional deposit of $180.0 million of remaining federal Coronavirus Relief Funds into the UI trust fund helps to effectuate this policy.)