modify requirements for payment of the employer's investment in South Dakota's future fee.

HB 1230 modifies the requirements for South Dakota employers to pay an "investment in South Dakota's future fee" (a separate charge from unemployment insurance contributions). It establishes a new opt-in/opt-out system: employers can choose not to pay the fee by submitting a simple form (fitting on one page), and those who opt out face no penalties. Employers who opt in pay a fee rate based on their unemployment fund balance (ranging from 0.00% to 0.53%), with rates adjusted annually according to specific schedule tables. The fee proceeds go to a dedicated fund, not the main unemployment trust, and employers cannot deduct the fee from employee wages.