NC S99

Department of Commerce shall contract with an independent consulting firm specializing in unemployment insurance and employment security reform to analyze tax structure changes.

North Carolina's Unemployment Insurance Trust Fund had a $2.5 billion deficit as of December 31, 2010, with the state owing $2.5 billion to the federal government for unemployment benefit payments.

Consultant must provide recommendations on fair tax structure changes for employers and how revenues could be used to service and liquidate the state's unemployment insurance debt and deficits.

Department of Commerce shall report findings and consultant recommendations to the Governor and General Assembly within 45 days of the analysis completion.

Employment Security Commission and Department of Revenue must cooperate by providing all necessary information and data to carry out the analysis.