The UI/frontline worker pay bill passed with near unanimous support and is on its way to Governor Walz’s desk. The final deal directs $2.7 billion to refill the states depleted UI Trust Fund and increases the fund for frontline workers from $250 million to $500 million.
For businesses that already paid their increased quarterly payroll taxes, they will receive either a credit or a refund for their overpayment. Businesses who have not yet paid will have until May 31, and penalties and interest will be waived.
Official guidance as it is released from DEED:
It contains information on how to obtain your new amount of tax due, refunds and credits etc.
Please note that the FAQ states that employers who have not already paid their 1st quarter taxes need to “promptly pay” to avoid penalties and interest. The new law, however, waives interest and penalties until May 31.
I want to thank those of you who weighed in to help us get the UI provisions across the finish line.
“As President of The Big I of MN, our board made this a major priority of the legislative agenda this year and we want to thank Robyn and the legislative committee for their diligence on helping move this bill through the legislature”, according to Chad Ostermann of M&M Insurance Agency in Mapleton, MN.
Robyn Rowen J.D.
Big I MN Legislative Regulatory Counsel and Lobbyist
