Bill Description: House Bill 428 would reduce the "desired fund size multiplier" for unemployment insurance from 1.3 to 1.2, which will prevent a large unemployment insurance tax increase that would otherwise occur. 

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Does it directly or indirectly create or increase any taxes, fees, or other assessments? Conversely, does it eliminate or reduce any taxes, fees, or other assessments?

House Bill 428 would amend Section 72-1350, Idaho Code, to reduce the "desired fund size multiplier" for unemployment insurance from 1.3 to 1.2, which will prevent a large unemployment insurance tax increase that would otherwise occur. 

According to the bill's fiscal note, this will result in a net savings to employers of $44 million in the first year and $117 million over five years. 

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