(TN) State House votes to increase unemployment tax

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Mon Jun-01-09 06:42 PM
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(TN) State House votes to increase unemployment tax

Associated Press/Knoxville News-Sentinel

NASHVILLE — The House has voted to hike taxes on businesses to shore up Tennessee’s unemployment trust fund.

The bill sponsored by Democratic Rep. Charles Curtiss of Sparta passed on a 76-19 vote. It would increase the amount of an employee’s wages subject to the unemployment tax from $7,000 to $9,000 and raise the tax rate by 0.6 percentage point.

Curtiss says the average employer would experience an annual $108 tax increase per employee.

http://www.knoxnews.com/news/2009/jun/01/state-house-votes-increase-unemployment-tax/

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