2017 UI Wage Base and Tax Rates

Effective for 2017, Colorado’s unemployment-taxable wage base is to be $12,500, up from $12,200 for 2016, the state Division of Unemployment Insurance said.

 

Effective for 2017, as in 2016, basic unemployment tax rates for experienced employers are determined with the tax rate schedule in effect when the applicable statewide reserve ratio was at least 0.6 percent but less than 0.8 percent and they range from 0.62 percent to 3.48 percent for positive-rated employers and from 4.47 percent to 8.15 percent for negative-rated employers.

 

A bond principal repayment surcharge of 23.94 percent of rates that otherwise would apply is in effect for employers’ unemployment tax rates for 2017, down from 34.47 percent for 2016. With the surcharge, experienced employers’ unemployment tax rates for 2017 range from 0.77 percent to 4.31 percent for positive-rated employers and from 5.54 percent to 10.1 percent for negative-rated employers.

 

The basic unemployment tax rate for new nonconstruction employers again is to be 1.7 percent, but with the surcharge, the total rate for new nonconstruction employers is to be 2.11 percent for 2017, down from 2.12 percent for 2016.

 

Unemployment tax rates for new construction employers are to be determined in October, the division said.

 

As always, TLC will keep you informed as new information is released.