Premium Rates and Taxable Wage Base Remain Unchanged

NASHVILLE - Based on the December 31, 2019, balance of the Unemployment Trust Fund, Premium Table 6 will remain in effect until the next reading on June 30, 2020. 

Premium Table 6 has the lowest tax rates for experience-rated employers. Tennessee employers will continue to report at the same premium rate used in the 3rd and 4th quarters of 2019. Tennessee law adjusts the Premium Table every six months based on the balance of the trust fund.

Tennessee's taxable wage base is also determined based on the balance of the trust fund. Tennessee employers will continue to use a taxable wage base of $7000. Tennessee employers are paying at the lowest possible taxable wage base allowed by law.