Bill Texts: IL HB5229 | 2019-2020 | 101st General Assembly

Bill Title: Amends the Illinois Secure Choice Savings Program Act. Provides that the Act applies to employers with at least one employee, rather than fewer than 25 employees. Provides for automatic increases in contributions. Makes changes regarding penalties for employers who fail, without reasonable cause, to enroll an employee in the Program. Provides that, for purposes of the penalties, the Department of Revenue shall determine total employee count for employers using the annual average from employer-reported quarterly data. Provides that the Department may provide notice regarding penalties in an electronic format to be determined by the Department. Provides that penalty provisions shall become operative by January 1, 2021, rather than 9 months after the Illinois Secure Choice Savings Board notifies the Director of Revenue that the Program has been implemented.

Sponsorship: Partisan Bill (Democrat 5)

Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HB5229 Detail]

Bill Drafts

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Introduced2020-02-14HTML/TextLinkView

Amendments

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No bill amendments currently on file for Illinois HB5229

Supplemental Documents

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No supplemental documents for Illinois HB5229 currently on file.

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