The Federal government once again is giving a FUTA Credit reduction for the following 20 states due to the individual states unpaid federal loan.
State | Credit Reduction |
Arkansas | 0.3% |
California | 0.3% |
Connecticut | 0.3% |
Florida | 0.3% |
Georgia | 0.3% |
Illinois | 0.3% |
Indiana | 0.6% |
Kentucky | 0.3% |
Michigan | 0.9% |
Minnesota | 0.3% |
Missouri | 0.3% |
North Carolina | 0.3% |
New Jersey | 0.3% |
Nevada | 0.3% |
New York | 0.3% |
Ohio | 0.3% |
Pennsylvania | 0.3% |
Rhode Island | 0.3% |
Virginia | 0.3% |
Wisconsin | 0.3% |
This reduction means an overall increase in the FUTA taxes, retroactive to January 1, 2011. This tax will be due on the federal IRS form 940 by January 31, 2012.