Paul Holvey
- Democratic
- Representative
- District 8
Primary
Extends look-back period used to determine Unemployment Compensation Trust Fund solvency level from 10 years to 20 years. Provides that calendar years 2020 and 2021 may not be considered high benefit cost period for purposes of making determinations of solvency level of fund. Provides that employers' experience ratings used to determine 2020 unemployment insurance tax rates shall be used to determine rates for 2022, 2023 and 2024. Provides deferral of up to one-third of 2021 unemployment insurance taxes for employers whose tax rates increased by 0.5 percentage points or more from 2020 to 2021. Authorizes forgiveness of percentage of deferrable taxes according to tax rate increase brackets. Reduces fund adequacy percentages used to determine employer tax rate schedules. Broadens kinds of property that may be received for Unemployment Compensation Trust Fund. Takes effect on 91st day following adjournment sine die.
Chapter 638, (2021 Laws): Effective date September 25, 2021.
Governor signed.
President signed.
Speaker signed.
House concurred in Senate amendments and repassed bill.
Vote explanation(s) filed by Heard.
Third reading. Carried by Hansell. Passed.
Second reading.
Recommendation: Do pass with amendments. (Printed A-Eng.)
Work Session held.
Returned to Full Committee.
Work Session held.
Assigned to Subcommittee On Transportation and Economic Development.
Referred to Ways and Means by order of the President.
Recommendation: Do pass and be referred to Ways and Means.
Work Session held.
Public Hearing held.
Referred to Labor and Business.
First reading. Referred to President's desk.
Third reading. Carried by Holvey, Bonham. Passed.
Carried over to April 15, 2021 Calendar by virtue of adjournment.
Second reading.
Recommendation: Do pass.
Work Session held.
Public Hearing held.
Referred to Rules.
First reading. Referred to Speaker's desk.
| Bill Text Versions | Format |
|---|---|
| A-Engrossed | |
| Enrolled | |
| Introduced | |
| Senate Amendments to Introduced | |
| JWM Amendment -1 |
| Document | Format |
|---|---|
| No related documents. |
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