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ND HB1060
Bill
Status
2/8/2019
Primary Sponsor
Shannon Roers Jones
Click for details
AI Summary
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Assesses surcharges on employers when cumulative unemployment insurance benefits charged to their account exceed cumulative contributions made, calculated annually by January 31st.
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Applies tiered surcharge percentages: 3 percent for 100-149 percent benefit-to-contribution ratio, 7 percent for 150-199 percent, and 10 percent for 200 percent and greater.
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Surcharge amount equals the surcharge percentage multiplied by benefits in excess of contributions as of December 31st of the previous year, due by October 31st of the assessment year.
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Surcharge payments cannot be used as credit toward regular contributions, but employers making voluntary contributions can trigger surcharge recalculation; unpaid surcharges accrue interest at 1.5 percent per month.
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Effective for taxable years beginning after December 31, 2019.
Legislative Description
Surcharges paid by employers for employees who receive unemployment insurance benefits at a rate exceeding contributions paid into the system by the employer; and to provide an effective date.
Last Action
Second reading, failed to pass, yeas 0 nays 44
3/22/2019