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GA SB605
Bill
AI Summary
- Nonprofit organizations that elected to make payments in lieu of unemployment contributions between January 1, 2020, and January 1, 2022, and owe more than $360,000 for any 12-month period may spread those payments over 36 months in equal installments without penalty or interest
- Eligibility is limited to nonprofits that purchased or held unemployment insurance coverage during the applicable 12-month period and whose insurance carrier denied coverage for unemployment claims arising from the COVID-19 public health emergency
- The installment payment provision automatically repeals on December 31, 2026
- The Act becomes effective July 1, 2022
Legislative Description
Employment Security; certain nonprofit organizations have the option of making installment payments to finance unemployment benefits paid to its employees for certain time periods during the COVID-19 public health emergency; provide
Last Action
Effective Date 2022-07-01
5/9/2022
Committee Referrals
Industry and Labor3/16/2022
Insurance and Labor3/4/2022
Full Bill Text
No bill text available