Illinois 2023-2024 Regular Session

Illinois House Bill HB3110

Introduced
2/16/23  
Refer
2/17/23  
Introduced
2/16/23  
Refer
2/28/23  
Refer
2/17/23  
Refer
3/10/23  
Refer
2/28/23  

Caption

UNEMP INS-CONTRIB-INSTALLMENT

Impact

The bill's provision for installment payments is expected to ease the cash flow burden on employers, especially small businesses that may struggle with upfront contributions. By allowing payments to be made in portions, HB3110 facilitates better financial planning for businesses that need to manage their operational costs amidst uncertain economic conditions. Furthermore, the accrual of interest on late payments may encourage timely compliance, ensuring that funds are collected efficiently by the state.

Summary

House Bill 3110 proposes amendments to the Unemployment Insurance Act in Illinois. It allows employers to pay their quarterly contributions for unemployment insurance in equal installments during the first three calendar quarters of the year. To avail this option, an annual administrative fee not exceeding $100 must be paid. This installment plan aims to provide financial relief to employers by spreading their contribution payments over time instead of requiring a lump sum payment at the end of each quarter.

Contention

One notable aspect of HB3110 is that it stipulates that the installment payment option will not be available during years when there are outstanding bonds under the Illinois Unemployment Insurance Trust Fund Financing Act. This could be a point of contention among legislators, as it limits the circumstances under which businesses can elect the installment option. Opponents might argue that this provision could hinder businesses in times of economic distress, reducing their ability to manage contributions when they are most needed.

Companion Bills

No companion bills found.

Previously Filed As

IL SB1355

UNEMP INS-CONTRIB-INSTALLMENT

IL HB4143

UNEMPLOYMENT INS-LABOR DISPUTE

IL HB5260

UNEMPLOYMENT INSURANCE-WAIVER

IL HB1654

UNEMPLOYMENT INS-SCHOOLS

IL HB3200

UNEMPLOYMENT INS-RECOVERY

IL SB2019

UNEMPLOYMENT INSURANCE-APPEALS

IL HB2650

UNEMPLOYMENT INS-LABOR DISPUTE

IL HB2565

UNEMPLOYMENT INS-LABOR DISPUTE

IL HB3330

UNEMPLOYMENT INS-ACADEMICS

IL SB2213

UNEMPLOYMENT INS-SCHOOLS

Similar Bills

IL SB1355

UNEMP INS-CONTRIB-INSTALLMENT

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