S.B. 129
         UNEMPLOYMENT INSURANCE MODIFICATIONS

Senate Committee Amendments

Amendment 2 January 26, 2012 1:23 PM



Senator Curtis S. Bramble proposes the following amendments:

1.    Page 3, Lines 65 through 76 :    

             65          (2) (a) Subject to Subsection (2)(b), the division shall [calculate] determine the social
             66      contribution rate by dividing all social costs as defined in Subsection 35A-4-307 (1) applicable
             67      to the preceding four fiscal years by the total taxable wages of all employers subject to
             68      contributions for the same period, calculated to four decimal places, disregarding any
             69      remaining fraction, and [rounded] rounding the result to three decimal places[, disregarding any
             70      further fraction,] as follows:
             71          (i) if the fourth decimal place is
{   .0004   }        four       or less, [or rounding up to the next higher

             72      number,] the third decimal place does not change; or
             73          (ii) if the fourth decimal place is
{   .0005   }        five       or more, rounding the third decimal place up.

             74          (b) For calendar year 2012 only, if the calculation of the social contribution rate under
             75      Subsection (2)(a) is greater than .004, the social contribution rate for calendar year 2012 is
             76      .004.

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