— OKLAHOMA CITY – Rep. Mark Tedford, R-Tulsa, recently held an interim study examining the impact of state unemployment tax on economic development. Unemployment benefits, funded through unemployment insurance taxes (SUTA) levied on state employers, provide financial support for employees transitioning between jobs. Despite the essential function of these benefits, Tedford noted misconceptions exist regarding how the system operates and who is responsible for funding it.
IS24-103 was held before the House Business and Commerce Committee and studied how Oklahoma collects tax and pays benefits compared to other states, as well as whether this process impacts the . . .
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