MI SB1272

Modifies employer contribution rates to the unemployment compensation fund, maintaining the standard rate of 5.4% for calendar year 1985 and thereafter, subject to adjustments under section 19.

Requires employers with more than 25 employees as of January 1, 2013 to file quarterly wage reports electronically beginning in Q1 2013, with phased-in requirements for smaller employers by 2015.

Allows small employers with 25 or fewer employees that incur 50% or more of their annual contribution obligation in the first quarter to spread first-quarter payments equally across all four quarters of the following year, beginning in the 2013 tax year.

Establishes a 14-day correction period for employers to fix timely-filed reports without facing administrative fines for errors discovered by the unemployment agency.

Effective immediately upon approval on December 28, 2012.