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Brewer signs bill for 2-year tax increase on employers

Arizona employers face a temporary tax increase to help the state repay loans provided by the federal government to pay for unemployment benefits.

A bill signed Monday by Gov. Jan Brewer authorizes the Department of Economic Security to levy a so-called “special assessment” this year and next.

The assessment is expected to amount to $28 per employee this year and $42 next year. That’s in addition to the current tax of $56 annually per employee.

The bill approved by the Legislature had wide backing among business groups, with supporters saying the tax increase would help the state avoid having federal officials impose a larger tax hike.

Arizona is one of many states that borrowed money from the federal government because state unemployment trust funds were emptied by the recession.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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