- Associated Press - Monday, December 1, 2014

CHICAGO (AP) - The Illinois Department for Employment Security says the tax rates for unemployment insurance will be flat or fall for most employers in 2015.

The department announced Monday the improving economy is a prime factor in the reduction for Illinois businesses. The department also credits programs aimed at curbing unemployment fraud.

About 167,000 businesses will see their unemployment insurance rates fall next year. That’s almost half of all employers that pay the tax.

The department says employers’ taxes are based on a formula that includes how long the business has been operating and the size of its workforce.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide