MI HB6409

Allows contributing employers that incur 50% or more of their previous year's contribution obligation in the first quarter to distribute their next year's liability equally over 4 quarterly payments under section 13(3).

Establishes section 15a to waive interest charges on apportioned quarterly payments if employers meet the 50% threshold and remit specified minimum percentages each quarter (25% of first quarter obligation plus current quarter obligation for quarters 2-4).

Modifies section 15 interest provisions by adding "Except as provided in section 15a" to allow the new apportionment option without interest penalties when payment requirements are met.

Requires employers using the apportionment option to notify the unemployment agency of their election with the first quarter payment and file timely quarterly payments in prescribed amounts to avoid interest and penalties.

Interest at 1% per month continues to apply to apportioned payments that fall short of the required percentages for each quarter.