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AR SB300
Bill
Status
Passed
3/13/2019
Primary Sponsor
Kim Hammer
Click for details
AI Summary
- Extends the stabilization tax set-aside period from July 1, 2007, through June 30, 2019 to July 1, 2007, through June 30, 2023 for the Department of Workforce Services Training Trust Fund
- Extends the same stabilization tax set-aside period for the Department of Workforce Services Unemployment Insurance Administration Fund, used for personal services and operating expenses of the unemployment insurance program
- Levies a 0.025% stabilization tax on taxable wages during the extended period for both trust and administration funds
- Declares an emergency clause citing the need to prevent service disruption as the current stabilization tax set aside expires on June 30, 2019
- Became effective on March 13, 2019, upon Governor approval
Legislative Description
To Modify The Date Of Retention Of The Stabilization Tax Set Aside Under The Department Of Workforce Services Law; And To Declare An Emergency.
Last Action
Notification that SB300 is now Act 454
3/13/2019
Committee Referrals
Public Health, Welfare and Labor2/19/2019
Public Health, Welfare And Labor2/11/2019
Full Bill Text
No bill text available