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South Carolina Announces 2023 Unemployment Insurance Tax Rates

South Carolina’s unemployment insurance tax rates will be reduced or unchanged for all employers in 2023, according to a Nov. 7 press release from Gov. Henry McMaster (R).

Tax rates for experienced employers will range from 0.06% to 5.46%, which includes base tax rates ranging from zero to 5.4% and an administrative contingency of 0.06%, according to the Public Service and Manpower Department’s 2023 tax table . Like 2022, no solvency surcharge will be in effect for 2023.

The tax rate for new employers is the applicable tax rate for Tax Class 12, which will be 0.45% in 2023, lower…

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