How SB 13 changes current law
UNEMPLOYMENT CALCULATION CHANGES · New Mexico
How this bill changes current law
2 changesAI-generated reading aid from the bill's amendatory text — verify against the official bill.
The bill modifies the calculation of employer contributions to the unemployment compensation fund by excluding certain data and using previous computation factors for specified years.
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Section 51-1-11 NMSA 1978
Omitting data from January 1, 2020 through December 31, 2021 from the calculations of employer contributions to the unemployment compensation fund.
Excludes certain data from 2020 and 2021 from contribution calculations.
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Section 51-1-11 NMSA 1978
Using the 2019 computation date reserve factor from January 1, 2020 through December 31, 2021.
Specifies the use of a prior year's factor for determining contributions during the specified period.
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https://www.oneclickpolitics.com/bills/965817-sb-13/current-law