The North Carolina Chamber is pleased to report that the joint legislative Revenue Laws Study Committee passed a bill today that takes important steps to solve the unemployment insurance (UI) debt crisis and create balanced reforms to the UI system. The bill will now be introduced into NC House of Representatives and be considered by the House Finance Committee. We will continue to update you as this bill progresses through the legislative process.
The North Carolina Chamber is encouraged that the state leadership is taking a balanced approach to address the solvency, integrity and affordability of the UI system. We understand that businesses will have to shoulder more taxes in order to help make the fund solvent, and the proposed legislation would take measures to mitigate federal employer tax increases as much as possible.
The business community’s input is critical on this issue and we greatly appreciate your support and action in contacting your legislators!