Massachusetts – The state has finally revised their 2021 Tax rates and they will be available online July 26th. The revised 2021 Tax Rates reflect the removal of all COVID-19 Charges from the state solvency fund. Employers should see a significant reduction from their original Tax Rates issued in April of 2021.
In order to offset the removal of the COVID-19 charges from the solvency fund, the state has created the COVID-19 Recovery Assessment Rate. The COVID-19 Recovery Assessment rate will be in addition to the Employers SUI Rate and will range from 0.099%(Minimum Rate Employers) to 1.509%(Maximum Rated Employers).
As a reminder the state will not be issuing any refunds as a result of the revised rates and all overpayments must be used as credit.
New York – Recently announced that in addition to removing all Benefit Charges after March 9th, 2020 from employers’ accounts when calculating the 2021 SUI Tax Rates, the state will remove all Benefit Charges for the 2021 Calendar Year when calculating the 2022 SUI Tax Rates. This should keep most employers’ 2022 SUI Tax Rates below 2021 levels.
In addition, the state will not be mailing Benefit Charge Statements and encourages employers to visit https://dol.ny.gov/online-services-employers-0 if they would like to obtain a copy of the charge notices.