Arkansas legislation · 95th General Assembly (2025 Regular)
Arkansas SB560: TO DECREASE THE BASE CONTRIBUTION RATE; TO INCREASE THE ADMINISTRATIVE ASSESSMENT RATE; TO INCREASE FUNDING FOR THE SKILLED WORKFORCE IN THIS STATE; AND TO AMEND THE DIVISION OF WORKFORCE SERVICES TRAINING TRUST FUND
Status: Chaptered, April 18, 2025
What the bill says
An act to be entitled an act to decrease the base contribution rate; to increase the administrative assessment rate; to increase funding for the skilled workforce in this state; to amend the division of workforce services training trust fund; and for other purposes. subtitle to decrease the base contribution rate; to increase the administrative assessment rate; to increase funding for the skilled workforce in this state; and to amend the division of workforce services training trust fund.
From the enrolled text:
An Act To Be Entitled AN ACT TO DECREASE THE BASE CONTRIBUTION RATE; TO INCREASE THE ADMINISTRATIVE ASSESSMENT RATE; TO INCREASE FUNDING FOR THE SKILLED WORKFORCE IN THIS STATE; TO AMEND THE DIVISION OF WORKFORCE SERVICES TRAINING TRUST FUND; AND FOR OTHER PURPOSES. Subtitle TO DECREASE THE BASE CONTRIBUTION RATE; TO INCREASE THE ADMINISTRATIVE ASSESSMENT RATE; TO INCREASE FUNDING FOR THE SKILLED WORKFORCE IN THIS STATE; AND TO AMEND THE DIVISION OF WORKFORCE SERVICES TRAINING TRUST FUND. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: SECTION 1. Arkansas Code § 11-10-704(c), concerning contribution rates of each employer, is amended to read as follows: (c)(1) The director shall determine the contribution rates of each employer according to the requirements of this section and § 11-10-705. (2)(A) For any calendar year beginning on or after January 1, 2024, each employer's rate shall be one and nine-tenths percent (1.9%) except as otherwise provided in this subchapter. (B)(i)(a) An employer's rate shall not be less than one and nine-tenths percent (1.9%) unless and until there have been three (3) years immediately preceding the computation date throughout which an individual in the employer's employ could have received benefits, if *ANS355* 04-01-2025 12:40:00 ANS355 As Engrossed: S4/1/25 SB560 eligible. (b) Provided, however, an employer who, at the time of establishing an account, …