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3 | + | ENGR. H. B. NO. 1028 (1ST EX. SESS.) Page 1 1 | |
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2 | 28 | (1ST EXTRAORDINARY SESSION) | |
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29 | + | ENGROSSED HOUSE | |
4 | 30 | BILL NO. 1028 By: Wallace and Martinez of the | |
5 | 31 | House | |
6 | 32 | ||
7 | 33 | and | |
8 | 34 | ||
9 | 35 | Thompson (Roger) and Hall | |
10 | 36 | of the Senate | |
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14 | 40 | An Act relating to the Administrative Worker s’ | |
15 | 41 | Compensation Act; amending 85A O.S. 20 21, Section | |
16 | 42 | 122, which relates to costs of administering act; | |
17 | 43 | modifying distribution of certain funds; limiting | |
18 | 44 | period of certain distribution; providing for return | |
19 | 45 | of distributions on certain date; updating statutory | |
20 | 46 | reference; providing an effective date; and declaring | |
21 | 47 | an emergency. | |
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26 | 52 | BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: | |
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28 | 53 | SECTION 1. AMENDATORY 85A O.S. 2021, Section 122, is | |
29 | 54 | amended to read as follows: | |
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31 | 55 | Section 122. A. The Workers’ Compensation Commission Revolving | |
32 | 56 | Fund established by Section 28.1 of t his title shall be used for the | |
33 | 57 | costs of administering this act the Administrative Workers’ | |
34 | 58 | Compensation Act and for other purpos es as authorized by law. | |
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36 | 59 | B. For the purpose of providing funds for the Workers’ | |
37 | 60 | Compensation Commission R evolving Fund, for the Workers’ | |
38 | 61 | Compensation Administrative Fund c reated in Section 401.1 of this | |
39 | 62 | title, for the Multiple Injury Trust Fund created in Section 28 of | |
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40 | 89 | this title, and to fund other provisions within this title, the | |
41 | 90 | following tax rates shall a pply: | |
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43 | 91 | 1. Each mutual or interinsurance association, stock company , | |
44 | 92 | CompSource Mutual Insurance Company or other insurance carrier | |
45 | 93 | writing workers’ compensation insurance in this state shall pay to | |
46 | - | the Oklahoma Tax Commission an assessment at a rate of one percent | |
94 | + | the Oklahoma Tax Commission an assessment at a rate of one percent | |
47 | 95 | (1%) of all gross direct premiums written during each qua rter of the | |
48 | 96 | calendar year for workers’ compensation insurance on risks located | |
49 | 97 | in this state after deducting from such gross direct premiums, | |
50 | 98 | return premiums, unabsorbed portions of any depo sit premiums, policy | |
51 | 99 | dividends, safety refunds, savings and other similar returns paid or | |
52 | 100 | credited to policyholders. Such payments to the Oklahoma Tax | |
53 | 101 | Commission shall be made not later than the fifteenth day of the | |
54 | 102 | month following the close of each quart er of the calendar year in | |
55 | 103 | which such gross direct premium is collected or collectible. | |
56 | 104 | Contributions made by insurance carriers and CompSource Mutual | |
57 | 105 | Insurance Company, under the provisions of this section, shall be | |
58 | 106 | considered for the purpose of computin g workers’ compensation rates; | |
59 | 107 | and | |
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61 | 108 | 2. When an employer is authorized to be come a self-insurer, the | |
62 | 109 | Commission shall so notify the Oklahoma Tax Commission, giving the | |
63 | 110 | effective date of such authorization. The Oklahoma Tax Commission | |
64 | 111 | shall then assess and collect from the employers carrying their own | |
65 | 112 | risk an assessment at the rate of two percent ( 2%) of the total | |
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66 | 139 | compensation for permanent total disability awards, permanent | |
67 | 140 | partial disability awards and death benefits paid out during each | |
68 | 141 | quarter of the calendar year by the employers. Such assessment | |
69 | 142 | shall be payable by the employers and collected by the Oklahoma Tax | |
70 | 143 | Commission according to the provisions of this section regarding | |
71 | 144 | payment and collection of the assessment created in paragraph 1 of | |
72 | 145 | this subsection. | |
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74 | 146 | C. It shall be the duty of the Oklahoma Tax Commission to | |
75 | 147 | collect the payments provided for in this title. The Oklahoma Tax | |
76 | 148 | Commission is hereby authorized to bring an action for the recovery | |
77 | 149 | of any delinquent or unpaid payments required in this section. The | |
78 | 150 | Oklahoma Tax Commission may also enforce payments by proceeding in | |
79 | 151 | accordance with the provisions of Section 98 of this title. | |
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81 | 152 | D. The Oklahoma Tax Commission shall pay monthly to the State | |
82 | 153 | Treasurer to the credit of the Multiple Injury Trust Fund all monies | |
83 | 154 | collected under the provisions of this section , less the annual | |
84 | 155 | amounts which shall be apportioned by the Oklahoma Tax Commission, | |
85 | 156 | as follows; provided, however, if the Fund in any one month is | |
86 | 157 | insufficient to make the required payments, the unpaid portion shall | |
87 | 158 | be paid as soon as funds become available : | |
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89 | 159 | 1. Five Million Five Hundred Thousand Dollars ($5,000,000.00) | |
90 | 160 | ($5,500,000.00) shall be payable each fiscal year in equal monthly | |
91 | - | installments to the credit of the Workers’ Compensation Commission | |
161 | + | installments to the credit of the Workers’ Compensation Commission | |
92 | 162 | Revolving Fund estab lished in Section 28.1 of this title for the | |
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93 | 189 | fiscal year ending June 30, 20 16, Three Million Dollars | |
94 | 190 | ($3,000,000.00) for the fiscal year ending June 30, 2017, and Four | |
95 | 191 | Million Dollars ($4,000,000.00) for the fiscal year ending June 30, | |
96 | 192 | 2020, and for all su bsequent years to be used to implement the | |
97 | 193 | provisions of this title; and | |
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99 | 194 | 2. Four Million Dollars ($4,000,000.00) shall be payable in | |
100 | 195 | equal monthly installments to the credit of the Workers’ | |
101 | 196 | Compensation Administrative Fund established in Section 401.1 of | |
102 | 197 | this title for the fiscal year ending June 30, 2016, Three Million | |
103 | 198 | Five Hundred Thousand Dollars ($3,500,000.00) for the fiscal year | |
104 | 199 | ending June 30, 2017, Three Million Five Hundred Thousand Dollars | |
105 | 200 | ($3,500,000.00) for the fiscal year ending June 30, 2018, Three | |
106 | 201 | Million Dollars ($3,000,000.00) for the fiscal year ending June 30, | |
107 | 202 | 2019, One Million Seven Hundred Fifty Thousand Dollars | |
108 | 203 | ($1,750,000.00) shall be payable in equal monthly installments to | |
109 | 204 | the credit of the Workers' Compensation Administrative Fund | |
110 | 205 | established in Section 401.1 of this title for the fiscal year | |
111 | 206 | ending June 30, 2020, One Million Seven Hundred Fifty Thousand | |
112 | 207 | Dollars ($1,750,000.00) for the fiscal year ending June 30, 2022, | |
113 | 208 | and for all subsequent years dur ing the existence of the Court of | |
114 | 209 | Existing Claims 2023, and Two Hundred Fifty Thousand Dollars | |
115 | 210 | ($250,000.00) payable in equal monthly installments to such Fund for | |
116 | 211 | the fiscal year beginning July 1, 202 3, and each subsequent fiscal | |
117 | 212 | year. | |
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119 | 239 | Monies deposited in the Workers’ Compensation Administr ative | |
120 | 240 | Fund shall be used by the Workers’ Compensation Court of Existing | |
121 | 241 | Claims to implement provisions provided for in this title. All | |
122 | 242 | unencumbered funds remaining in the Worker s' Compensation | |
123 | 243 | Administration Fund on July 1, 2027, shall be transferred to the | |
124 | 244 | State Treasurer to be returned to the Multiple Injur y Trust Fund. | |
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126 | 245 | E. The refund provisions of Sections 227 through 229 of Title | |
127 | 246 | 68 of the Oklahoma Statutes shall be app licable to any paymen ts made | |
128 | 247 | pursuant to this section. | |
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130 | 248 | SECTION 2. This act shall bec ome effective July 1, 2023. | |
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132 | 249 | SECTION 3. It being immediately necessary for the preservation | |
133 | 250 | of the public peace, health or safety, an emergency is hereby | |
134 | 251 | declared to exist, by rea son whereof this act shall take effect and | |
135 | 252 | be in full force from and after its passage and approval. | |
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137 | 281 | Passed the House of Representatives the 24th day of May, 2023. | |
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142 | 286 | Presiding Officer of the House | |
143 | 287 | of Representatives | |
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147 | - | Passed the Senate the | |
291 | + | Passed the Senate the ____ day of _________, 2023. | |
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152 | 296 | Presiding Officer of the Senate | |
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155 | - | OFFICE OF THE GOVERNOR | |
156 | - | Received by the Office of the Governor this ____________________ | |
157 | - | day of ___________________, 20_______, at _______ o'clock _______ M. | |
158 | - | By: _________________________________ | |
159 | - | Approved by the Governor of the State of Oklahoma this _____ ____ | |
160 | - | day of ___________________, 20_______, at _______ o'clock _______ M. | |
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163 | - | _________________________________ | |
164 | - | Governor of the State of Oklahoma | |
165 | - | ||
166 | - | OFFICE OF THE SECRETARY OF STATE | |
167 | - | Received by the Office of the Secretary of State this __________ | |
168 | - | day of ___________________, 20_______, at _______ o'clock _______ M. | |
169 | - | By: _________________________________ | |
170 | - |