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129th MAINE LEGISLATURE |
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LD 1058 |
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LR 1227(01) |
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An Act Concerning
Liability for Direct Reimbursement of Unemployment Benefits |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Bradstreet of Vassalboro |
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Committee: Labor and Housing |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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Current biennium cost increase - Other Funds
Potential current biennium revenue decrease - Federal Expenditures Fund |
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| Fiscal Detail
and Notes |
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Providing that a
governmental entity that elects to make payments in lieu of contributions
into the Unemployment Compensation Trust Fund is not liable to make payments
for an individual who voluntarily separates from employment would create a
conformity issue with the Federal Unemployment Tax Act (FUTA). Being ruled out of conformity would
jeopardize Maine employers' FUTA tax credits, increasing employer federal
unemployment taxes by approximately $210 million annually, as well as $19
million in federal funds that Maine currently receives to administer the
state's Employment Security laws. |
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