New Hampshire Lowers Unemployment Tax for Fourth Quarter of 2022

New Hampshire will lower its unemployment tax rates for the fourth quarter of 2022, Gov. Chris Sununu (R) announced Oct. 19.

Tax rates will be reduced by 0.5% from those in effect for the third quarter of 2022 because the state unemployment trust fund balance has been at least $250 million for an entire calendar year.

The fourth-quarter solvency-threshold tax rate reduction for positive-rated experienced employers will be 0.5%, and the surcharge for negative-rated experienced employers will decrease to 1% from 1.5%, according to the state’s unemployment insurance tax rate chart.

Including the aforementioned rate reduction, unemployment tax rates ...