January 12, 2012
Taxable Wage Base Increasing to $14,000 for 2012 Quarters
The taxable wage base has increased to $14,000 for all quarters in 2012. This is an increase from the 2011 taxable wage base which was $12,000 and from the 2010 taxable wage base of $10,000.
Also, as a result of the amount of unemployment benefits having been paid out and the solvency issue with the Unemployment Trust Fund, the department will continue to invoke the 1.0% surcharge to all employers for the first and second quarters of 2012. This 1.0% surcharge is comprised of the .5% Emergency Power under RSA282-A:84 and the .5% under the Emergency Surcharge under RSA282-A:84-a. Depending on the level of the Trust Fund balance, it is anticipated that possibly one of the .5% surcharges may be removed for the September quarter filing period.
New Employer rates for the 2012-1 and 2012-2 quarters will be 3.7% (includes 1.0% surcharge).
Quarterly Fund Balance Reductions and Surcharges
| Year/Quarter | Fund Balance Reduction |
Emergency Power Surcharge | Inverse Rate Surcharge (Negative Rated Employers) |
|---|---|---|---|
| 2012-4 * | 0% | 0.0% | 1.5% |
| 2012-3 * | 0% | .5% | 1.5% |
| 2012-2 | 0% | 1.0% | 1.5% |
| 2012-1 | 0% | 1.0% | 1.5% |
| 2011-4 | 0% | 1.0% | 1.5% |
| 2011-3 | 0% | 1.0% | 1.5% |
| 2011-2 | 0% | 1.0% | 1.5% |
| 2011-1 | 0% | 1.0% | 1.5% |
| 2010-4 | 0% | 1.0% | 1.5% |
| 2010-3 | 0% | 1.0% | 1.5% |
| 2010-2 | 0% | 1.0% | 1.5% |
| 2010-1 | 0% | 1.0% | 1.5% |
| 2009-4 | 0% | 0.5% | |
| 2009-3 | 0% | 0.5% | |
| 2009-2 | 0% | 0.5% | |
| 2009-1 | 0% | ||
| 2008-4 | 1.0% | ||
| 2008-3 | 1.0% | ||
| 2008-2 | 1.0% | ||
| 2008-1 | 1.0% | ||
| 2007-4 | 1.0% | ||
| 2007-3 | 1.0% | ||
| 2007-2 | 1.0% | ||
| 2007-1 | 1.0% | ||
| 2006-4 | 1.0% | ||
| 2006-3 | .5% | ||
| 2006-2 | .5% | ||
| 2006-1 | 1.0% | ||
| 2005-4 | 1.0% | ||
| 2005-3 | .5% | ||
| 2005-2 | .5% | ||
| 2005-1 | .5% | ||
| 2004-4 | .5% | ||
| 2004-3 | 0% | ||
| 2004-2 | 0% | ||
| 2004-1 | .5% | ||
| 2003-4 | .5% | ||
| 2003-3 | 1.0% | ||
| 2003-2 | 1.0% | ||
| 2003-1 | 1.5% |
* These are anticipated figures for the future quarters in 2012
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