Assemblyman Jones helped pass bill to protect small businesses from unfair unemployment costs
Assemblyman Billy Jones (D-Chateaugay Lake) announced that he helped pass legislation to support small businesses by excluding unemployment charges due to COVID-19 from being used to calculate an employer’s experience rating (A.2001).
“The necessary shutdowns and restrictions put in place to help us battle COVID-19 have had adverse effects on many small businesses in the North Country,” Jones said. “And now, as they begin to reopen, these beloved shops and restaurants fear they will be hit with massive charges due to the rise in unemployment claims. Businesses should never be punished for following guidelines to protect public health. The bill I helped pass will prevent undue costs from further burdening our struggling businesses and help ensure they’re given a fair shot to grow and build back stronger than before.”
Experience ratings are used to assess unemployment charges on employers that reflect their past unemployment claims. Many small businesses typically have low unemployment claims and, in turn, have lower unemployment insurance experience ratings. However, due to the spike in individuals seeking unemployment as a result of COVID-19, businesses are bracing for a sharp increase in employer insurance tax rates.[1] Jones has heard concerns from many North Country business owners about these impending charges and was proud to support this legislation to alleviate this unfair financial strain.
Posted: January 27th, 2021 under Business News, Heathcare News, State Government News, State Legislator News.