Gov. Evers Signs Assembly Bill 406, Ensures Wisconsin Businesses Continue to Bounce Back

MADISON — Gov. Tony Evers today signed Assembly Bill 406, now 2021 Wisconsin Act 59, which prevents the increase of unemployment insurance (UI) contribution rates, otherwise known as the UI tax rates, on employers by ensuring the state remains in Schedule D in tax years 2022 and 2023, while offsetting lost revenue by requiring $60 million GPR be transferred to the trust fund each of the next two fiscal years.

“I am glad to be signing this bill today to ensure Wisconsin businesses and employers that were hit hard by the pandemic can continue to recover without having an undue burden of an increase in their UI tax rates,” said Gov. Evers. “We’re going to continue to provide targeted relief to workers and employers who need it most and make sure our workers, families, and economy bounce back from the COVID-19 pandemic better than before it hit.”

Assembly Bill 406, now 2021 Wisconsin Act 59:

• Prevents the increase of unemployment tax rates on employers by ensuring the state remains in Schedule D in tax years 2022 and 2023; and
• Requires $60 million GPR be transferred to the trust fund in each fiscal year of the biennium to offset lost revenue.

The Milwaukee Maker’s Market is back again at Discovery World, featuring over 30 local businesses showing off and selling their hand-crafted goods. Admission is free and food trucks will be on site to provide snacks and refreshments. The event will run from 10 a.m. to 4 p.m.
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NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. It has not been verified for its accuracy or completeness.