92nd General Assembly
Status of SB0796
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   820 ILCS 405/1506.3       from Ch. 48, par. 576.3                           

        Amends the Unemployment  Insurance  Act.   Eliminates  provisions      
   specifying  fund  building  rates  for  certain  employers in 2002 and      
   subsequent years.                                                           
          FISCAL NOTE (Department of Employment Security)                      
          Elimination of the 0.4% fund builder would equate to a maximum       
          tax break of $36 per covered employee for all affected employ-       
          ers. The estimated first year impact totals $176 million (15%        
          of all projected tax revenues that first year. All 288,584           
          employers assigned a tax rate for CY 2001 would benefit from         
          the tax reduction in 2002. Unemployment benefit payments would       
          not be affected by this proposal. Illinois' unemployment trust       
          fund, where employer taxes are deposited and from which unem-        
          ployment benefits are paid, has a current balance of $1.7 bil-       
          lion. If future economic changes result in trust fund insolven-      
          cy, State law triggers benefit freezes or reductions and an          
          additional State surcharge on employers, and federal law trig-       
          gers 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 405/1506.3                                                  
          Adds reference to:                                                   
          820 ILCS 405/3200               from Ch. 48, par. 820                
        Deletes  everything.   Amends  the  Unemployment  Insurance  Act.      
   Makes a technical change in a Section concerning the  short  title  of      
   the Act.                                                                    
   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-05-2001  S                                  VERIFIED                       
   APR-05-2001  S  THIRD READING - PASSED                   032-025-000           
   APR-05-2001  H  ARRIVE IN HOUSE                                                
   APR-05-2001  H  HOUSE SPONSOR                            MADIGAN,MJ            
   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                                               


 Full Text  Bill Summary