ID S1240

Corporate officers with ownership interest in a corporation remain ineligible for unemployment benefits during their term of office, even if not receiving wages.

Family members of corporate officers with ownership interest become eligible for unemployment benefits if they work for an entity other than the corporation and do not receive $1,250 or more from the corporation during the quarter they became eligible.

Corporate officers qualify as "unemployed" if laid off for an indefinite period due to circumstances beyond their control and the unemployment extends through their benefit year end date.

If a corporate officer returns to work during the benefit year, it creates a rebuttable presumption the unemployment was within their control, making all benefits paid during that year an overpayment requiring repayment.

Defines "family member" as persons related by blood or marriage including parents, stepparents, grandparents, spouses, siblings, children, stepchildren, adopted children, or grandchildren.