New Hampshire Lowers SUI Rates for 1st Quarter

The New Hampshire’s governor’s office announced on January 6th that a “fund balance reduction” of 1.0% will be in effect for the first quarter of 2015.  This results in most positive-balanced and new employers will see another 0.5% reduction in their SUI tax rates beginning in January, 2015. A previous fund balance reduction of 0.5% already went into effect in the fourth quarter of last year.  Coupled with this latest reduction employers should pay a SUI rate that is 1.0% less than what was reflected on their fiscal year 2015 tax rate notice they received in September, 2014.

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