South Carolina – ManagEase

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South Carolina: New Calculation of Experience Rating for Unemployment Tax Purposes

SB 688 changes the calculation of an employer’s experience rating for unemployment tax purposes. Effective January 1, 2027, it will be calculated by dividing the sum of all benefits charged to an employer during the 16 calendar quarters immediately preceding the calculation date by the sum of the employer’s taxable payroll for the same period. Effective January 1, 2028, it will be calculated by dividing the sum of all benefits charged to an employer during the 20 calendar quarters immediately preceding the calculation date by the sum of the employer’s taxable payroll for the same period. The rating is calculated annually.

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