The Washington State Senate on Tuesday unanimously passed Senate Bill 6524, which would ease the penalty for businesses that fail to pay their unemployment insurance tax in a timely manner. The bill’s sponsor, Sen. Curtis King, R-Yakima, said reducing that burden will help small businesses that are struggling to survive.

“Businesses that are delinquent in their UI payments are charged a penalty which is currently two-tenths of 1 percent above the highest rate on the scale, which is 5.4 percent,” King said. “Even if your rate is the lowest on the 40-point scale, one delinquency will jack your rate up to 5.6 percent as a penalty. That’s counterproductive to encouraging the growth of businesses in Washington. My bill decreases that penalty to 1 percent over whatever rate the business is currently paying.” Continue reading →