Effective for the third quarter of 2018, New Hampshire’s range of unemployment tax rates for experienced employers and the rate for new employers are unchanged, the state employment security agency said on its website June 1.
For the third quarter, unemployment tax rates for positive-rated experienced employers are to range from 0.1 percent to 1.7 percent, with a solvency-threshold tax rate reduction of 1 percent. Rates for negative-rated experienced employers are to range from 3.3 percent to 7.5 percent, including a surcharge of 0.5 percent. The rate for new employers is to be 1.7 percent.
New Hampshire’s employment security agency told Bloomberg Tax May 24 that unemployment tax rates are to decrease for the fourth quarter of 2018 because the state unemployment trust fund balance is projected to exceed $300 million each day of the fourth quarter.
For the fourth quarter, the solvency-threshold tax rate reduction is to increase to 1.5 percent from 1 percent and the surcharge for negative-rated experienced employers is not to be in effect.
New Hampshire is the only state that may adjust its unemployment tax rates quarterly.