SB 691 - Cunningham, Mike
Modifies provisions relating to automation adjustments paid by employers subject to the unemployment compensation laws
Bill Details
Sponsor
LR Number
4081S.01I
Title
SB 691
House Handler
N/A
Journal Page
N/A
Effective Date
January 1, 2021
Committee
Current Status
SCS Voted Do Pass S Economic Development Committee (4081S.02C)
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SCS/SB 691 - 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, 2021.
This act is identical to 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