New Unemployment Tax Initiative Unveiled by Governor, Department of Labor

February 4, 2019 - 11:26am

Governor Pete Ricketts and the Nebraska Department of Labor have announced a new unemployment insurance tax relief initiative aimed at delivering tax relief to businesses and job creators.

The goal of the plan is to make financial room for businesses to seek new employment in 2019. Ricketts said the unemployment tax rate for businesses will be the lowest it’s been in the last decade, dropping 0.6 percent to the new rate of 0.7 percent.

The governor said the reduced amount of taxes for employers will continue to have a positive effect on job growth, with a big potential for quick, new jobs.

“Going back to 2011, that rate was 3.33 percent. In 2019, it’s going to be 0.7 percent," Ricketts said. "That’s a significant decline in that unemployment insurance tax, which allows companies to reinvest that money back into creating jobs.”

Department of Labor Commissioner John Albin also said the re-employment plan that has been in use by the state has significantly reduced unemployment fraud.



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