Rachel Zenzinger
- Democratic
- Senator
- District 19
For purposes of complying with requirements of the "Federal Unemployment Tax Act", the act reduces employer premium rates by 10% across all rates in the standard premium rate schedule. Additionally, the act creates a schedule for the support surcharge rate (schedule), which is used to establish contributions to the employment support fund, the employment and training technology fund, and the benefit recovery fund. The new schedule uses the same methodology as is used in calculating an employer's percent of excess, which is the percentage resulting from the calculation of an employer's excess of premiums paid over benefits charged, divided by the average chargeable payroll. The act changes the cap on the amount of money in the employment support fund at the end of any state fiscal year from an amount calculated based on a portion of the employer premium plus $17 million to a total of $32.5 million for the next state fiscal year, which amount is adjusted annually based on changes in average weekly earnings. The act expands the authorized use of money in the Title XII repayment fund to allow the division of unemployment insurance (division) in the department of labor and employment to use the money for costs associated with bonds or notes issued by the division, including interest on the bonds or notes, to the extent permitted by federal law. The act eliminates the requirement for employers to submit premium reports to the division and instead requires employers to submit wage reports. APPROVED by Governor May 1, 2023 EFFECTIVE May 1, 2023 (Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the Speaker of the House
Signed by the President of the Senate
Senate Considered House Amendments - Result was to Pass
Senate Considered House Amendments - Result was to Reconsider
Senate Considered House Amendments - Result was to Concur - Repass
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed with Amendments - Committee
House Committee on Appropriations Refer Amended to House Committee of the Whole
Senate Third Reading Passed - No Amendments
Senate Second Reading Passed with Amendments - Floor
Senate Second Reading Laid Over to 04/03/2023 - No Amendments
Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
Bill Text Versions | Format |
---|---|
Signed Act (05/01/2023) | |
Final Act (04/27/2023) | |
Rerevised (04/15/2023) | |
Revised (04/14/2023) | |
Reengrossed (04/04/2023) | |
Engrossed (04/03/2023) | |
Introduced (03/24/2023) | |
PA1 (04/14/2023) | |
Committee Amendment |
Document | Format |
---|---|
Fiscal Note SA1 (03/27/2023) | |
Fiscal Note SA2 (04/13/2023) | |
Fiscal Note FN1 (03/27/2023) | |
Fiscal Note FN2 (03/31/2023) | |
Fiscal Note FN3 (04/06/2023) | |
Fiscal Note FN4 (04/14/2023) | |
Fiscal Note FN5 (05/24/2023) |
Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.