S.B. 339 Summary

• Allows owner-employees of corporations owning at least 50% of the business and members of limited liability companies owning at least 50% distributed interest to collect unemployment benefits when forced to close their businesses.

• Defines "bona fide business failure" as meeting the good cause requirement for unemployment benefits when owner-employees voluntarily terminate their employment relationship due to business closure.

• Permits owner-employees and members attempting to revive, restart, or start a new business in their field of expertise to be considered available for work under unemployment insurance requirements.

• Requires the director of labor and industrial relations to adopt administrative rules under Chapter 91 to implement these provisions and define "bona fide business failure."

• Effective date: July 1, 2009.