Oregon Unemployment Dept. COVID Relief Opportunities
We have good news to share about your Unemployment Insurance (UI) payroll taxes.
The Oregon Employment Department, Oregon State Legislature, Gov. Brown and a variety of interest groups recognize that COVID-19 has significantly affected many Oregon businesses. On July 27, 2021, the Governor signed into law House Bill 3389, which provides UI payroll tax relief in response to the ongoing COVID-19 pandemics.
House Bill 3389 provides relief in three ways:
For UI tax year 2021, eligible employers can defer one-third of their UI tax liability until June 30, 2022, and avoid any associated interest and penalties
Eligible employers can receive up to 100 percent forgiveness of the deferrable 2021 UI taxes based on how much their UI tax rate increased from 2020 to 2021
Additionally, an employer’s UI tax experience rating for 2022 through 2024 will roll back to the pre-pandemic 2020 UI experience rate (benefit ratio). Your tax rates may fluctuate during the 2022 – 2024 period due to tax schedule changes; however, the rate will be based on your experience rate prior to the pandemic
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