Unemployment Insurance Modernization Act of 2026

Repealing and establishing the methodology used to calculate the weekly benefit amount; altering the taxable wage base used to determine employer contributions to the Unemployment Insurance Trust Fund and the amount of earned wages subtracted from a weekly benefit amount; requiring the Maryland Department of Labor to determine and make available online the State annual average wage applicable to the rate of contribution; requiring, beginning in 2027, the maximum weekly benefit to be 40% of the state average weekly wage; etc.