92nd General Assembly
Status of SB0795
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   820 ILCS 405/1506.1       from Ch. 48, par. 576.1                           
   820 ILCS 405/1506.3       from Ch. 48, par. 576.3                           

        Amends the Unemployment Insurance Act.  Makes various changes  in      
   employers'  contribution  rates  and  fund  building rates in 2002 and      
   subsequent years.                                                           
          FISCAL NOTE (Department of Employment Security)                      
          The 0.1% reduction in the tax rate paid by employers would           
          equate to a maximum tax break of $9 per covered employee for         
          all affected employers. The estimated first year impact totals       
          $8 million, less than one percent of all projected tax revenues      
          that first year. Of the 288,584 employers assigned a tax rate        
          for CY 2001, 158,305 (55%) are at the minimum tax rate and           
          would likely benefit from the tax reduction in 2002. Unemploy-       
          ment benefit payments would not be affected by this proposal.        
          Illinois' unemployment trust fund, where employer taxes are          
          deposited and from which unemployment benefits are paid, has a       
          current balance of $1.7 billion. If future economic changes          
          result in trust fund insolvency, State law triggers benefit          
          freezes or reductions and an additional State surcharge on           
          employers, and federal law triggers penalty taxes on employers       
          and assesses interest on any debt that must be paid with other       
          State funds.                                                         
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          820 ILCS 405/1506.1                                                  
          820 ILCS 405/1506.3                                                  
          Adds reference to:                                                   
          820 ILCS 405/241                from Ch. 48, par. 351                
        Deletes  everything.   Amends  the  Unemployment  Insurance  Act.      
   Makes a technical change in a Section  concerning  the  definition  of      
   FEB-21-2001  S  FIRST READING                                                  
   FEB-21-2001  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   FEB-28-2001  S       ASSIGNED TO COMMITTEE               COMM & INDUST         
   MAR-08-2001  S       DO PASS                             005-004-000   SCED    
   MAR-08-2001  S  PLACED ON CALENDAR ORDER OF 2ND READING  01-03-20              
   APR-03-2001  S  SECOND READING                                                 
   APR-03-2001  S  PLACED ON CALENDAR ORDER OF 3RD READING  01-04-04              
   APR-04-2001  S  THIRD READING - PASSED                   033-023-000           
   APR-04-2001  H  ARRIVE IN HOUSE                                                
   APR-04-2001  H  HOUSE SPONSOR                            MADIGAN,MJ            
   APR-04-2001  H  PLACED CALENDAR ORDER OF FIRST READING                         
   APR-05-2001  H  FIRST READING                                                  
   APR-05-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   APR-06-2001  H       ASSIGNED TO COMMITTEE               LABOR                 
   APR-17-2001  H  ADDED AS A JOINT SPONSOR                 HOFFMAN               
   APR-18-2001  H  ADDED AS A JOINT SPONSOR                 STROGER               
   APR-26-2001  H                         FISCAL NOTE FILED                       
   APR-26-2001  H                   COMMITTEE               LABOR                 
   MAY-03-2001  H                             AMENDMENT NO. 01-LABOR         H    
   MAY-03-2001  H                                   ADOPTED                       
   MAY-03-2001  H  DO PASS AMENDED/SHORT DEBATE             016-000-000   HLBR    
   MAY-03-2001  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   MAY-08-2001  H  ADDED AS A JOINT SPONSOR                 LINDNER               
   MAY-16-2001  H  SECOND READING-SHORT DEBATE                                    
   MAY-16-2001  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   MAY-18-2001  H  3RD RDG. DEADLINE EXTENDED-RULE          9(B)- MAY 25, 2001    
   MAY-18-2001  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   MAY-25-2001  H  3RD RDG. DEADLINE EXTENDED-RULE          9(B)- MAY 31, 2001    
   MAY-25-2001  H  HELD ON CAL ORDER 2ND RDG - SHORT DEBATE                       
   MAY-31-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  S  SESSION SINE DIE                                               


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