Florida Unemployment Compensation Tax Going Up Again

By: Associated Press
By: Associated Press

Tallahassee, FL (AP) - Unemployment compensation taxes will
nearly triple next year for some Florida employers, although the
maximum rate will remain unchanged.

The state Revenue Department announced the rate scale for 2011
on Wednesday.

Employers' taxes are individually set based on a formula that
includes their recent history. More layoffs mean higher taxes.

Those with the best records will have the biggest increase on a
percentage basis next year. That's because the minimum annual tax
will go up from $25.20 to $72.10 per employee.

The maximum, though, is staying at $378.

Even bigger increases were expected this year, but the
Legislature rolled them back while borrowing more federal money to
pay unemployment claims.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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