Senate Bill No. 1455 aims to amend the reporting requirements for employers under the state's unemployment compensation laws. Specifically, it repeals the provision that would have allowed employers to include additional data in their quarterly wage reports starting in the third calendar quarter of 2026. This additional data included information on each employee's occupation, hours worked, and the zip code of their primary worksite. The bill maintains the requirement for employers to submit a listing of wage information, including employee names, Social Security numbers, and wages paid, but simplifies the reporting process by removing the expanded data requirements.

The bill also introduces new provisions regarding the electronic submission of wage information and contributions, while allowing employers to request a waiver for these requirements if they can demonstrate undue hardship. The effective date for these changes is set for July 1, 2025. The fiscal impact of the bill is significant, as it is expected to result in savings for the Department of Labor and the State Comptroller's Fringe Benefits account, amounting to over $400,000 in the first two fiscal years. This is primarily due to the elimination of the need for additional staff and technology changes that would have been required to accommodate the expanded reporting requirements.