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House Bill 1721


House Bill 1721

ARCHIVE (2009)

Latest Information

 

DIGEST OF HB 1721 (Updated February 12, 2009 2:10 pm - DI 102)


Department of workforce development. Establishes the unemployment insurance solvency advisory committee to monitor the unemployment insurance benefit fund (fund) and make recommendations to improve the solvency of the fund. Increases the taxable wage base from $7,000 to $9,000 for calendar years after 2009. Establishes an employer surcharge for 2009 that is equal to 0.3% of an employer's taxable wages for the purpose of repaying amounts borrowed from the federal government. Establishes a new fund ratio schedule and employer rate schedules for calendar years after 2009. Requires the unemployment insurance board to transfer from the special employment and training services fund (special fund) to the fund amounts in the special fund that exceed $10 million. Establishes the Hoosier Workers First training program to allocate to employers or consortiums money for incumbent worker training grants that enable workers who reside in Indiana to obtain recognizable credentials or certifications and transferable employment skills that improve employer competitiveness. Requires the commissioner of the department of workforce development to: (1) initiate changes to eligibility and other requirements of the state's existing unemployment insurance system in order to qualify for the maximum amount available to a state under any federal economic stimulus package, unless the cost of making the changes exceeds the maximum amount available to the state as a result of making the changes; and (2) submit to the legislative council, the unemployment insurance solvency advisory committee, the speaker of the house of representatives, and the president pro tempore of the senate a report that: (A) details the commissioner's actions or decision not to act; (B) makes recommendations for necessary legislation; and (C) analyzes the fiscal impact to the fund of the changes and recommended legislation. Removes outdated language.
Current Status:
 Passed 2nd reading - first House
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