SB3739 Summary

• Allows employers to pay quarterly unemployment insurance contributions for the first three quarters of 2013, 2014, and 2015 in equal installments throughout the year instead of lump sum payments.

• Employers must pay an annual administrative fee not to exceed $5 to use the installment payment option, collected at the time of the first installment payment each year.

• First quarter contributions are split into four equal payments due by April 30, July 31, October 31, and December 31; second quarter contributions split into three equal payments due by July 31, October 31, and December 31; third quarter contributions split into two equal payments due by October 31 and December 31.

• No interest accrues on contributions paid according to the installment schedule, though interest and penalties continue on delinquent prior contributions and those not paid on schedule.

• Fourth quarter contributions for 2013, 2014, and 2015 remain due under standard unemployment insurance law and are not affected by the installment payment option.