A bill for an act relating to unemployment insurance taxes on employers.

SF 504 amends Iowa's unemployment insurance tax rules for employers. It modifies the definition of "taxable wages" by removing wages paid to employees from other states that have reciprocal agreements with Iowa. The bill also adds a 10% surcharge on employers with three-year average benefit ratios of 1.25 or higher, and requires employers to use any tax savings from the bill for employee wages or seasonal unemployment alternatives. These changes adjust how employer contribution rates are calculated based on benefit ratio rankings and fund reserve levels.