Unemployment nc tax form4/20/2024 ![]() ![]() ![]() The bill language suggests that they will not be eligible. It is uncertain if employers unable to file and pay for the 2020 first quarter due to COVID-19 will be able to receive this SUI tax credit. Second-quarter SUI contribution payments are typically lower than those paid for the first quarter due to employee wages reaching the wage limit early in the year. It may be that employers will have lower than usual second-quarter 2020 SUI contributions as a result of business shut- and slowdowns due to COVID-19. SB 704 codifies these COVID-19 UI benefit provisions. Employers are instructed to indicate that the employee separation was due to COVID-19 when responding to requests for separation information.UI benefits paid for non-COVID-19 reasons will be charged to the employer's UI account. The governor also ordered that COVID-19 UI benefits not be charged directly against employer SUI tax accounts. 96-9.15(b).)īill codifies COVID-19 UI benefit provisions ordered by the governorĪs previously reported, Governor Cooper ordered that UI benefit eligibility be expanded for individuals affected by COVID-19 and that individuals filing for and receiving these UI benefits not serve a waiting week or be required to search for work. If the tax credit exceeds the amount of SUI contributions due on the second-quarter 2020 return, the amount of the credit that exceeds the second-quarter contributions will be refunded to the employer in accordance with state UI law. ( SB 704, signed into law on governor's news release. The amount of the credit is equal to the amount of the first-quarter 2020 contributions paid by the employer and is applicable to the-second quarter 2020 SUI contributions due on or before July 31, 2020. ![]() Recently enacted legislation provides North Carolina employers with a state unemployment insurance (SUI) tax credit if they paid their first-quarter 2020 SUI contributions on or before April 30, 2020. North Carolina employers to receive SUI tax credit in second quarter 2020 law codifies COVID-19 UI benefit provisions ![]()
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