MI HB5715

Amends Section 22 of the Michigan Employment Security Act to modify how contribution rates are determined when a business is transferred to a new employer.

Establishes that transfers involving less than 75% of a transferor's assets are not deemed a "transfer of business" unless the commission is notified within 30 days and both parties approve an experience account transfer.

Requires the commission to assign a proportionate share of the transferor's experience account to the transferee based on insured payroll ratios for the 4 quarters immediately before transfer.

Specifies that a transferee with no prior contribution rate shall receive the transferor's rate beginning the first day of the quarter in which transfer occurs, with a 2.7% rate applied to any portion of the year before that quarter.

Addresses multiple simultaneous transfers to a single transferee by calculating contribution rates based on combined transferred experience account balances and payroll allocable to that transferee.