The Department of Labor in the state of Vermont recently released the fiscal 2020 unemployment tax rates. We will a decreases in construction industries with a dip of .6% in the new-employer tax rates for buildings construction, bringing it down to 4%. This applies to Code 236. Another change applies to Code 237, the civil-engineering construction industry, which will come down half a point to a rate of 5.6%. Code 238 which covers the new-employers in special-trade contracting will also go down a bit, landing at a rate of 5.5%.

The range for experienced employers will stay in the 0.8% to 6.5% range for the July 1, 2019 to June 30, 2020 time period. New employers will also have an unchanged rate from their previous fiscal year, holding steady at 1%.

Josh Kendall

Author Josh Kendall

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