DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 380 Engrossed 2021 Regular Session Lyons
Abstract: Provides for a reduction in contributions for certain employers.
Present law provides that if, at the computation date in any year, the unemployment trust fund
balance, including all monies in the benefit transfer account, exceeds $400 million dollars, a 10%
reduction in contributions due under the rate table as provided in present law shall be granted to each
employer.
Proposed law changes present law to provide that instead of a 10% reduction in contributions being
granted to each employer, that a 10% reduction in contributions will apply only to employers with
a positive reserve ratio.
Present law provides that if, at the computation date in any year, the unemployment trust fund
balance, including all monies in the benefit transfer account, exceeds $1.4 billion dollars, a 10%
reduction in contributions due under the rate table as provided in present law shall be granted to each
employer.
Proposed law retains present law; however, instead of a 10% reduction in contributions being
granted to each employer, the 10% reduction in contributions will apply only to employers with a
positive reserve ratio.
(Amends R.S. 23:1536(E)(2) and(3))