HB1430

House Bill 1430 amends Arkansas law governing the Division of Workforce Services, specifically impacting unemployment insurance regulations. Key provisions include modifying the definition of 'wages' for tax purposes, reducing the maximum potential unemployment benefits for workers from sixteen times the weekly benefit amount to twelve times, and adjusting employer contribution tax rates. The bill updates the criteria for determining employer contribution rates, including provisions for employers operating in multiple states. It also modifies penalty assessments for employers who willfully submit false information regarding employee separation. Furthermore, the bill introduces changes to additional contribution assessments for employers consistently assigned a six percent contribution rate. Finally, the act declares an emergency, meaning it would take effect immediately upon becoming law.