Bill Text: AZ HB2025 | 2011 | Fiftieth Legislature 1st Regular | Introduced
Bill Title: Unemployment; special assessment
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2011-01-25 - Referred to House RULES Committee [HB2025 Detail]
Download: Arizona-2011-HB2025-Introduced.html
PREFILED JAN 04 2011
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REFERENCE TITLE: unemployment; special assessment |
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State of Arizona House of Representatives Fiftieth Legislature First Regular Session 2011
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HB 2025 |
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Introduced by Representative Robson, Senator Reagan
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AN ACT
repealing section 23-730.01, Arizona Revised Statutes; amending title 23, chapter 4, article 5, Arizona Revised Statutes, by adding a new section 23‑730.01; relating to employment security.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Repeal
Section 23-730.01, Arizona Revised Statutes, is repealed.
Sec. 2. Title 23, chapter 4, article 5, Arizona Revised Statutes, is amended by adding a new section 23-730.01, to read:
23-730.01. Special assessment; unemployment special assessment fund
A. Each employer shall pay a special assessment in each of calendar years 2011 and 2012. The assessment for calendar year 2011 is four‑tenths of one per cent of the taxable wages paid for the tax year, shall be billed in the third quarter of the tax year and is payable by the end of the fourth quarter of the tax year. The assessment for calendar year 2012 is six‑tenths of one per cent of the taxable wages paid for the tax year, shall be billed in the second quarter of the tax year and is payable by the end of the third quarter of the tax year.
B. The special assessment shall be reported in accordance with sections 23-722 and 23-723 and collected in accordance with sections 23-736, 23-737, 23-737.01, 23-737.02, 23-738, 23-738.01, 23-739, 23-740, 23-741, 23‑742, 23-743, 23-744, 23-745, 23-746, 23-746.01, 23-747, 23-748, 23-749, 23-752, 23-753, 23-754, 23-755, 23-756 and 23-757.
C. The unemployment special assessment fund is established and consists of the monies collected pursuant to this section. The fund shall be kept separate from all other monies of this state. The department shall administer the fund. Monies in the fund are continuously appropriated for the purposes prescribed in this section.
D. Notwithstanding any other law, if this state has an outstanding loan to pay unemployment insurance benefits to eligible claimants, fund monies shall be used to pay the costs of the loan in the following manner:
1. Fund monies shall first be used to pay interest charges incurred on the loan. If this state is granted a waiver of interest charges in either 2011 or 2012, the amount of the assessment shall be reduced proportionately.
2. Fund monies shall then be used to retire the loan principal on or before October 31, 2012. If the department determines that the fund monies are greater than the amount needed to pay the interest charges and retire the principal on or before October 31, 2012, the amount of the assessment for each employer shall be reduced proportionately by the amount of the overage. If the department determines that the fund monies will not be sufficient to pay the interest charges and retire the principal on or before October 31, 2012, the department may increase the assessment for 2012 by up to two‑tenths of one per cent to cover the shortage.
