Tax Increase for Businesses to Pay Back State Debt

Come January 1st, Georgia employers will be forced to fork out more money for every employee they have.

It’s all to help pay back a $720 million federal loan the state took out to pay for unemployment benefits.

In December 2009, the state’s unemployment benefits dried up,
leaving the state with no options other than taking money from the federal government.

Now, every private business will pay double for their federal unemployment insurance tax.