SB 115
Modifies provisions relating to automation adjustments paid by employers subject to unemployment compensation laws
Sponsor:
LR Number:
0802S.01I
Last Action:
2/23/2021 - Voted Do Pass S Small Business and Industry Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2021

Current Bill Summary

SB 115 - This act provides that any employer required to make contributions under the unemployment compensation laws shall pay an annual unemployment automation adjustment equal to .015% of its total taxable wages for the twelve-month period ending the preceding June 30th. The Division of Employment Security is permitted to lower this rate under certain circumstances.

This act has a delayed effective date of January 1, 2022.

This act is identical to SCS/SB 691 (2020) and a provision in SCS/HB 1559 (2020) and substantially similar to HB 2072 (2020), SB 161 (2019), HB 375 (2019), and a provision in SCS/HB 332 (2019).

SCOTT SVAGERA

Amendments

No Amendments Found.