Bill Title: Amends the Unemployment Insurance Act. Provides that upon payment of an annual administrative fee not exceeding $100, during the first 3 calendar quarters an employer may pay its quarterly contributions due for wages in equal installments. Establishes a schedule for payment of the contributions. Provides for the accrual of interest. Authorizes the issuance of necessary rules. Provides that payment on a quarterly basis is not available for calendar years when there are outstanding bonds under the Illinois Unemployment Insurance Trust Fund Financing Act.

Sponsorship: Partisan Bill (Republican 2)

Status: (Introduced - Dead) 2015-05-15 - Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2015 [SB1402 Detail]

Text: Latest bill text (Introduced) [HTML]

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