Bill Status of HB4553 102nd General Assembly
Short Description: UNEMP INS-CONTRIB-INSTALLMENT
Rep. Deanne M. Mazzochi
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 adoption 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.