What is the beginning unemployment insurance tax rate for a new business in Colorado?
The unemployment insurance (UI) tax rate is made up of a base tax rate, an annually computed surtax rate, and a solvency tax surcharge rate. For calendar year 2007, the beginning base tax rate is 0.0170, the surtax rate is 0.0022, and the solvency surcharge rate is 0.0060, resulting in a combined rate of 0.0252. The UI tax rate is applied to the first $10,000 of each employee’s annual earnings. Employers in construction-related industries may be subject to a different base tax rate. Contact UI Operations for more information on beginning base rates for employers in construction-related industries.
