SECOND REGULAR SESSION

HOUSE BILL NO. 2049

97TH GENERAL ASSEMBLY

INTRODUCED BY REPRESENTATIVES FITZPATRICK (Sponsor), ROWDEN, JUSTUS, ROSS AND MOON (Co-sponsors).

6303H.01I                                                                                                                                                  D. ADAM CRUMBLISS, Chief Clerk

AN ACT

To amend chapter 288, RSMo, by adding thereto one new section relating to the federal unemployment tax act credit rate deduction.

Be it enacted by the General Assembly of the state of Missouri, as follows:

            Section A. Chapter 288, RSMo, is amended by adding thereto one new section, to be known as section 288.095, to read as follows:

            288.095. Notwithstanding any other provision of this chapter to the contrary, any employer for whom the division maintains a separate account for contributions or payments in lieu of contributions under section 288.100 and whose account maintained a positive balance for the preceding calendar year shall be allowed to retain withholding tax payable by the employer under sections 143.191 to 143.265 in an amount equal to the amount of the federal unemployment tax act credit rate deduction.  Employees of an employer retaining withholding tax under this section shall receive full credit for the amount of tax withheld under section 143.211.

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