Bill Status of SB0956 100th General Assembly
Short Description: UNEMPLOYMNT CONTRBUTE QUARTRLY
Sen. Jason A. Barickman
Statutes Amended In Order of Appearance
Synopsis As Introduced
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.