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MI SB1038
Bill
AI Summary
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Professional employer organizations (PEOs) must file a report with the agency for determination of status as a liable employer and complete electronic employer registration
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PEOs determined to be liable employers must file a single quarterly wage report and unemployment contribution report for all client employers, converting reimbursing employers to contributing employers
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PEOs must notify the agency within 30 days when employers become or discontinue as client employers and must use electronic reporting and payment methods approved by the agency
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Client employers of PEOs retain existing unemployment tax rates or establish new rates based on their prior account experience, with new employers assigned the new employer rate
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PEOs operating in Michigan before January 1, 2011 may use the new reporting method voluntarily until January 1, 2014, but must comply by that date; act takes effect January 1, 2011
Legislative Description
Employment security; reports; the Michigan employment security act requirements; revise to implement the new professional employer organization regulatory act. Amends 1936 (Ex Sess) PA 1 (MCL 421.1 - 421.75) by adding sec. 13m. TIE BAR WITH: SB 1037'09
State agencies (existing), energy, labor, and economic growth
Last Action
Assigned Pa 0383'10 With Immediate Effect
12/29/2010