Payroll tax tables, 8.8
WORKERS' COMPENSATION DIVISION
Adopted and Filed Emergency
Pursuant to the authority of Iowa Code section 86.8, the Workers' Compensation Commissioner hereby amends Chapter 8, "Substantive and Interpretive Rules," Iowa Administrative Code.
This amendment updates references to the tables which determine payroll taxes.
In compliance with Iowa Code section 17A.4(3)"a," the Workers' Compensation Commissioner finds that notice and public participation are unnecessary. Rule 876—8.8(85,17A) is noncontroversial and, further, Iowa Code section 85.61(6) requires adoption of current tables to determine payroll taxes by July 1 of each year. The Division must wait until the Internal Revenue Service and the Iowa Department of Revenue determine whether there will be changes in their publications on July 1 of the current year.
In compliance with Iowa Code section 17A.4(3)"a," the Administrative Rules Review Committee at its June 14, 2016, meeting reviewed the Division's determination and the amendments and approved the Emergency adoption.
The Division also finds, pursuant to Iowa Code section 17A.5(2)"b"(1)(b), that the normal effective date of this amendment, 35 days after publication, should be waived and the amendment made effective July 1, 2016, as it confers a benefit upon the public to ensure speedy and uniform compliance with the Division's legislative mandate.
The Division has determined that this amendment will not necessitate additional annual expenditures exceeding $100,000 or combined expenditures exceeding $500,000 within five years by all affected persons, including the agency. Therefore, no fiscal impact statement accompanies this rule making.
The Division has determined that this amendment will have no impact on small business within the meaning of Iowa Code section 17A.4A.
This amendment does not include a waiver provision because rule 876—12.4(17A) provides the specified situations for waiver of Workers' Compensation Division rules.
After analysis and review of this rule making, no impact on jobs has been found.
This amendment is intended to implement Iowa Code section 85.61(6).
This amendment became effective on July 1, 2016.
The following amendment is adopted.
Amend rule 876—8.8(85,17A) as follows:
876—8.8(85,17A) Payroll tax tables. Tables for determining payroll taxes to be used for the period July 1, 2014 2016, through June 30, 2015 2017, are the tables in effect on July 1, 2014 2016, for computation of:
1.Federal income tax withholding according to the percentage method of withholding for weekly payroll period. (Internal Revenue Service, Employer's Supplemental Tax Guide, Publication 15-A [ 2014 2015].)
2.Iowa Withholding Tax Guide. (Iowa Department of Revenue Iowa Withholding Tax Rate Tables [Effective April 1, 2006].)
3.Social Security and Medicare withholding (FICA) at the rate of 7.65 percent. (Internal Revenue Service, Circular E, Employer's Tax Guide, Publication 15 [ 2014 2015].)
This rule is intended to implement Iowa Code section 85.61(6).
[Filed Emergency 6/15/16, effective 7/1/16]
Editor's Note: For replacement pages for IAC, see IAC Supplement 7/6/16.