Bill Text: IL HB3874 | 2015-2016 | 99th General Assembly | Introduced
Bill Title: Amends the Unemployment Insurance Act to provide that interest does not accrue when an appeal is pending.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2015-03-05 - Added Co-Sponsor Rep. Keith R. Wheeler [HB3874 Detail]
Download: Illinois-2015-HB3874-Introduced.html
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1 | AN ACT concerning employment.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Unemployment Insurance Act is amended by | |||||||||||||||||||
5 | changing Section 1401 as follows:
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6 | (820 ILCS 405/1401) (from Ch. 48, par. 551)
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7 | Sec. 1401. Interest. Any employer who shall fail to pay | |||||||||||||||||||
8 | any contributions
(including any amounts due pursuant to | |||||||||||||||||||
9 | Section 1506.3) when required of him by the provisions of this | |||||||||||||||||||
10 | Act and the rules
and regulations of the Director, whether or | |||||||||||||||||||
11 | not the amount thereof has been
determined and assessed by the | |||||||||||||||||||
12 | Director, shall pay to the Department, in
addition to such | |||||||||||||||||||
13 | contribution, interest thereon at the rate of one percent
(1%) | |||||||||||||||||||
14 | per month and one-thirtieth (1/30) of one percent (1%) for each | |||||||||||||||||||
15 | day or
fraction thereof computed from the day upon which said | |||||||||||||||||||
16 | contribution became
due. After 1981, such interest shall accrue | |||||||||||||||||||
17 | at the rate of 2% per month,
computed at the rate of 12/365 of | |||||||||||||||||||
18 | 2% for each day or fraction thereof, upon
any unpaid | |||||||||||||||||||
19 | contributions which become due, provided that, after 1987, for
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20 | the purposes of calculating interest due under this Section | |||||||||||||||||||
21 | only, payments
received more than 30 days after such | |||||||||||||||||||
22 | contributions become due shall be
deemed received on the last | |||||||||||||||||||
23 | day of the month preceding the month in which
they were |
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1 | received except that, if the last day of such preceding month | ||||||
2 | is
less than 30 days after the date that such contributions | ||||||
3 | became due, then
such payments shall be deemed to have been | ||||||
4 | received on the 30th day after
the date such contributions | ||||||
5 | became due.
After the effective date of this amendatory Act of | ||||||
6 | the 99th General Assembly, such interest shall not accrue after | ||||||
7 | an appeal has been filed and before a final decision has been | ||||||
8 | rendered.
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9 | However, all or part of any interest may be waived by the | ||||||
10 | Director for
good cause shown.
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11 | (Source: P.A. 97-791, eff. 1-1-13.)
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