LD 701 LR 453(03)
An Act To Modify Unemployment Insurance Successor Law
Fiscal Note for Bill as Engrossed with:
C "A" (H-120)
Committee: Labor, Commerce, Research and Economic Development
Fiscal Note
Potential revenue decrease - Unemployment Compensation Trust Fund
Fiscal Detail and Notes
To the extent that this legislation results in the purchaser of an existing business being assigned a lower unemployment tax rate than what would have been assigned absent this legislation, there is a loss of revenue to the Unemployment Compensation Trust Fund.  The impact to the fund will depend on actual experience.  According to the Department of Labor, of the 663 successor determinations in 2014 a maximum of 87 would have qualified for the options provided in this legislation.