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Unemployment Compensation Taxes

AIF SUPPORTS efforts to provide employers relief from ever-escalating increases in unemployment compensation taxes. The Legislature must review all aspects of the unemployment compensation system and develop better methodology to sustain the Unemployment Compensation Trust Fund through a stable and equitable tax system for Florida employers. A thorough analysis must explore using private-sector funding sources to pay federal interest owed, evaluate the base wage amount to guarantee permanent adequacy, gauge the necessity and timing of recoupment periods and apply an array methodology across all employers to achieve a more fair distribution of the tax burden.