MI HB5555

Allows eligible contributing employers with 25 or fewer employees as of January 12, 2022 to discharge first-quarter contribution obligations through quarterly payments distributed equally over the first quarter and the following 3 quarters.

Permits eligible contributing employers with 100 or fewer employees as of March 31, 2022 (or corresponding pay period in succeeding years) to use the optional quarterly payment method for first-quarter obligations equaling 50% or more of the prior year's total contribution obligation.

Requires employers electing apportioned payments to notify the unemployment agency with their first quarter payment and file subsequent quarterly payments on time to avoid interest and penalties.

Mandates the unemployment agency include a description of this optional payment method on forms provided to contributing employers for payment of taxes and contributions.

Takes effect immediately upon enactment on June 14, 2022.