Effective Jan. 1, 2019, South Dakota’s unemployment tax rates are to be unchanged from 2018. This information was released by a spokeswoman for the state’s Department of Labor and Regulation during a phone call on July 13, 2018.
The state is to continue to determine unemployment tax rates for experienced employers with Schedule B in 2019. Additionally, the taxable wage base is to be $15,000, unchanged from 2018.
Tax rates determined with Schedule B range from zero percent to 0.85 percent for positive-rated experienced employers and from 1.35 percent to 9.35 percent for negative-rated experienced employers. Additionally, experienced employers are assessed an investment fee ranging from zero to 0.53 percent.
South Dakota’s new-employer tax rates are 3 percent or 6 percent for construction employers, and 1 percent or 1.2 percent for non-construction employers, according to state law. New employers are assessed an investment fee of 0.55 percent.
As always, if there are any questions please do not hesitate to contact us.
