1.1 	A bill for an act
1.2 	relating to unemployment insurance; reducing employer tax rates.
1.3 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.4 	Section 1. UNEMPLOYMENT INSURANCE EMPLOYER TAX RATE 
1.5 	REDUCTION.
 1.6 	Notwithstanding Minnesota Statutes, section 268.051, subdivision 2, if on 
1.7 	September 30, 2013, the balance in the Minnesota unemployment trust fund is more than 
1.8 	$800,000,000, the base tax rate for the calendar year beginning January 1, 2014, will be 
1.9 	0.1 percent and there will be no additional assessment assigned under Minnesota Statutes, 
1.10 	section 268.051, subdivision 2, paragraph (c). If on September 30, 2014, the balance in 
1.11 	the Minnesota unemployment trust fund is more than $900,000,000, the base tax rate for 
1.12 	the calendar year beginning January 1, 2015, will be 0.1 percent and there will be no 
1.13 	additional assessment assigned under Minnesota Statutes, section 268.051, subdivision 2, 
1.14 	paragraph (c).

1.15 	EFFECTIVE DATE. This section is effective the day following final enactment.