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AR HB1010
Bill
Status
5/23/2016
Primary Sponsor
Douglas House
Click for details
AI Summary
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Reduces the maximum workers' compensation tax rate on carriers, self-insured employers, and public employers from 3% to 1.5% upon final payment of the Death and Permanent Total Disability Trust Fund liabilities.
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Establishes June 30, 2019 as the deadline for filing claims against the Death and Permanent Total Disability Trust Fund, regardless of injury or death date.
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Makes employers liable for permanent total disability and death benefits filed after June 30, 2019, excluding claims pending under § 11-9-525 as of that date.
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Limits Death and Permanent Total Disability Trust Fund liability to claims filed by June 30, 2019, and terminates the fund upon satisfaction of all liabilities.
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Modifies benefit payment requirements for injuries before December 31, 2007 and after January 1, 2008, with specified dollar limits and multiples of the maximum total disability rate.
Legislative Description
To Clarify Workers' Compensation Death And Permanent Total Disability Trust Payments Under The Workers' Compensation Law That Resulted From Initiated Measure 1948, No.4; And To Lower Employers' Tax Rate.
Last Action
Notification that HB1010 is now Act 4
5/23/2016